Question

Ajay save se 50000 rupees every year and deposit the money in a bank at compound interest of 10% compounded annually what would be his total savings at the end of fifth year

Answer 1

Answer:

Effective Interest Rate Table

Nominal Rate Semi-Annually Quarterly

9% 9.202% 9.308%

10% 10.250% 10.381%

11% 11.302% 11.462%

12% 12.360% 12.551%

Answer 2

Step-by-step explanation:

25000 is the correct answer according to me