A deposited ₹1,00,000 in a bank for a period of 5 years and the rate of interest is 5% p.a. compounded annually. How much amount A will receive after 5 years ?
CS Executive · Financial and Strategic Management · PYQS · June 2022
A deposited ₹1,00,000 in a bank for a period of 5 years and the rate of interest is 5% p.a. compounded annually. How much amount A will receive after 5 years ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Management
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