Question

Vishal invests a sum of money at an annual compound interest rate of 6%. Over a period of 5 years, the interest accumulated amounts to Rs. 900. If he increases his initial investment by Rs. 500, what will be the total amount after 5 years at the same interest rate?

A 4581
B 4430
C 5080
D 4160
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query