Mr. Salam deposited TK. 800 in a bank at 15% annual compound rate. At the end of the second year, the total amount including the interest will be--

Mr. Salam deposited TK. 800 in a bank at 15% annual compound rate. At the end of the second year, the total amount including the interest will be--

A 850

B 900

C 1025

D 1058

Solution

Correct Answer: Option D