Q4 of 104 Page 465

What will 5000 amount to in 10 years, compounded annually at 10% per annum? [Given (1.1)10 = 2.594]

To find: The amount after ten years


Given: (i) Principal – 5000


(ii) Time – 10 years


(iii) Rate – 10% per annum


Formula used:







Ans) The amount after years will be Rs.12970


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