MATHEMATICS · Single correct · AoPS · Mathematics · Exponents and Logarithms · Exponents and Logarithms
Problem
Find the amount, to the nearest rupee, that results when Rs 5000 is invested for 4 years at 5% per annum, compounded annually.
(a) Rs 6100
(b) Rs 6250
(c) Rs 6078
(d) Rs 6000