4802Chemical EngineeringMedium
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 ________?
A1000 (1 + 0.1)20
B1000 (1 + 0.1/4)20
C1000 (1 + 0.1/2)5
D1000 (1 + 0.1/4)5
Correct answer
B. 1000 (1 + 0.1/4)20
Explanation
The correct answer is 1000 (1 + 0.1/4)20.