Z invested ₹2,40,000 at annual rate of interest of 10 per cent. What is the amount after 3 years if the compounding is done? Annually

Future Value with Annual Compounding Given: Principal (P) = ₹2,40,000 Annual Rate of Interest (i) = 10% or 0.10 Number of years (n) = 3 years Formula for Future Value (FV) with Annual Compounding: FV n = P × (1 + i) n Calculation: FV 3 = 2,40,000 × (1 + 0.10) 3 FV 3 = 2,40,000 × (1.10) 3 FV 3 = 2,40,000 × 1.331 FV 3 = ₹3,19,440 The amount after 3 years with annual compounding will be ₹3,19,440.