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 ₹)

A

₹98,003

B

₹98,970

C

₹98,010

D

₹98,900