3893EconomicsMedium
If a depositor puts Rs100 in a bank amount that earns 4 percent interest compounded annually, how much will be in the account after five years?
ARs 123.98
BRs 104.00
CRs400.00
DRs 121.67
Correct answer
D. Rs 121.67
Explanation
The correct answer is Rs 121.67.