Examveda
Examveda

An interest rate is 5%, number of period are 3, and present value is Rs 100,and then future value will be

A. 115.76

B. 105.00

C. 110.25

D. 113.56

Answer: Option A

Solution(By Examveda Team)

FV = PV ( 1 + r/100 )ⁿ
= 100 ( 1 + 5/100 )³
= Rs. 115.76

This Question Belongs to Commerce >> Financial Management

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