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1. |
An investment of Rs. 1000 is carrying an interest of 10% compounded quarterly. The value of the investment at the end of five years will be |
A. | 1000 (1 + 0.1/4)20 |
B. | 1000 (1 + 0.1)20 |
C. | 1000 (1 + 0.1/4)5 |
D. | 1000 (1 + 0.1/2)5 |
Answer» B. 1000 (1 + 0.1)20 | |