Mathematics · Compound Interest
Renubala deposits Rs. 1200 now, Rs. 800 two years from now, and Rs. 1000 five years from now. If the savings bank's rate of interest is 5% per annum compounded annually, what total amount Rs. X will she receive 10 years from now?
- 1Rs. 4826
- 2Rs. 4225
- 3Rs. 3415
- 4Rs. 4413✓
Correct answer
Rs. 4413
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