Question

Saritha invested a sum of rs. 10,000 for 3 years at 10% p.A. Compounded annually. How much money she will get at the end of the period? Select one:

a. Rs.2500

b. Rs.13,000

c. Rs.13,310

d. None

Answer 1

Answer:

Answer:Ist year

P1=10000/-

I 1=10000 x 1 x10/100

=1000/-

A1=10000+1000

=11000

2nd year

P2=11000

I2=11000 x 1 x 10/100

=1100

A2=11000+1100

=12100

3rd year

P3=12100

I3=12100 x 1 x 10/100

=1210

A3=12100+1210

=13310

Amount she will get at the end of the period = 13310/-

Hope this helps....

Answer 2

Answer:

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