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    4. Simple and compound interest
    5. An initial investment of Rs. 10,000 is made at an annual compound interest rate of 10% for 4 years.

    Question

    An initial investment of Rs. 10,000 is made at an annual

    compound interest rate of 10% for 4 years. After 2 years, an additional Rs. 5,000 is invested. Determine the total amount at the end of 4 years.
    A 20217 Correct Answer Incorrect Answer
    B 20691 Correct Answer Incorrect Answer
    C 20654 Correct Answer Incorrect Answer
    D 20972 Correct Answer Incorrect Answer
    E 21425 Correct Answer Incorrect Answer

    Solution

    Practice Next
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