Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rs. 200000 is invested in an account which pays 12% per year compounded monthly. What is the balance in the account after 5 years? (CLO-2/PLO-2)

image text in transcribed
Rs. 200000 is invested in an account which pays 12% per year compounded monthly. What is the balance in the account after 5 years? (CLO-2/PLO-2) 1 point O Rs. 663339.33 O Rs. 363339.33 O Rs. 763339.33 O Rs. 463339.33 Rs. 563339.33 How much does a deposit of R.s 10,000 would grow in 5 years at an interest rate of 8%? Assume interest is compounded annually. (CLO-2/PLO- 2) 1 point ORs. 15693.28 Rs. 12693.28 Rs. 16693.28 Rs. 14693.28 Rs. 13693.28 How much does a deposit of Rs 1.20.000 would grow in 5 years at an

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2019

Authors: Bernard J. Bieg, Judith A. Toland

29th Edition

1337619779

More Books

Students also viewed these Accounting questions

Question

licensure as a psychologist in the respective jurisdiction; and

Answered: 1 week ago

Question

6.2 Explain the recruitment process.

Answered: 1 week ago