If deposited money Rs 10,000 in bank pays interest 10% annually, an amount after five years will be
A. Rs 16,105.14
B. Rs 16,110.14
C. Rs 16,115.14
D. Rs 16,505.14
Answer: Option A
Solution (By Examveda Team)
FV = PV ( 1 + r/100 )ⁿ= 10000 ( 1 + 10/100)⁵
= Rs 16,105.14
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