Q339
An interest rate is 5%, number of period are 3, and present value is Rs 100,and then future value will be
A.
115.76
AnswerB.
105.00
C.
110.25
D.
113.56
Answer: Option A
Solution
Answer: Option A
Solution:
FV = PV ( 1 + r/100 )ⁿ = 100 ( 1 + 5/100 )³
= Rs. 115.76