Question 7 On 28 February 2023, the end of the financial year, the Fixed deposit account had a balance of R100 000 and the interest on fixed deposit account reflected a total of R5 000. The interest rate is 8% p.a. and interest is not capitalised. An increase of R20 000 in fixed deposit account was made on 01 December 2022 and this has been recorded. How much was reflected as interest on fixed deposit in the statement of comprehensive income for the year ended 28 February 2023 ? Not yet answered Marked out of 1.00 Flag question A. R11 800 B. R5 200 C. R8 000 D. R6 800