Question

if you deposit rupees 100000 in a bank for 5 years at 5% interest what will be the future value​

Answer 1

Answer:

1,25,000

Step-by-step explanation:

for every year, there is an interest of 5%

5% of 100000 is 5000

5000 for 5 years is 25000

100000+25000=125000

Answer 2

Future value = 127,628.156

Step-by-step explanation:

Given:

Present value amount = 100,000

Number of year(n)= 5 year

Rate of interest (r) = 5% = 5/100 = 0.05

Future value =?

Computation of future value:

$Future\ value = Present\ value\ amount (1+r)^n\\\\Future\ value = 100,000 (1+0.05)^5\\\\Future\ value = 100,000 (1.05)^5\\\\Future\ value = 100,000 (1.27628156)\\\\Future\ value = 127,628.156$

Future value = 127,628.156

Therefore, the Future value of the amount is 127,628.156

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