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If deposited money Rs 10 000 in bank pays interest 10...

This question belongs to Commerce Financial Management
Financial Management
?

If deposited money Rs 10,000 in bank pays interest 10% annually, an amount after five years will be

Answer & Solution
Correct Answer: Option A
FV = PV ( 1 + r/100 )ⁿ
= 10000 ( 1 + 10/100)⁵
= Rs 16,105.14
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