Romesh opened a fixed deposits account in his bank for 3 years by depositing ₹80,000.The bank has promised to pay him compound interest annually at the rate of 7% per annum. What is the maturity value of his FDR? (Nearest to a ₹)

1
₹98,003
2
₹98,970
3
₹98,010
4
₹98,900

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