Mathematics · Compound Interest
A sum of Rs. 100 invested for 5 years at 6% per annum compound interest, compounded annually, will grow to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 2[100(1.06)]5
- 3100[1 + (0.06)(5)]
- 4100(1 + 0.06)5✓
Correct answer
100(1 + 0.06)5
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