Accumulated sum at the end of 5 years, if Rs. 10000 is in... — Answer & Explanation | PrepBeePakistan

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HomeMCQsChemical Engineering

MEDIUMENGLISHChemical Engineering

Accumulated sum at the end of 5 years, if Rs. 10000 is invested now at 10% interest per annum on a compound basis is Rs ?

Correct answer: B

Explanation

The formula for compound interest is A = P(1+r)^n. Here, A = 10000(1+0.10)^5 which equals 16105.

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