Mathematics for FinanceMTP Dec 22Question 1365 of 479
All Questions

An investment is earning compounded interest 100\displaystyle 100 invested in the year 2\displaystyle 2 accumulated to 105\displaystyle 105 by year 4\displaystyle 4. If 500\displaystyle 500 is invested in the year 5\displaystyle 5, will become \displaystyle ____ by year 10\displaystyle 10.

Options

A364.80\displaystyle 364.80
B564.80\displaystyle 564.80
C464.80\displaystyle 464.80
D664.80\displaystyle 664.80
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option b564.80\displaystyle 564.80

All Options:

  • A364.80\displaystyle 364.80
  • B564.80\displaystyle 564.80
  • C464.80\displaystyle 464.80
  • D664.80\displaystyle 664.80

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 479 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free