Raviraj invests Rs $10000$ at $10\%$ compound interest for $3$ years. The amount after $3$ years is:
Practice this question from Chapter Mock 5: Simple Interest and Compound Interest, with options and an explanation.
Question
Raviraj invests Rs $10000$ at $10\%$ compound interest for $3$ years. The amount after $3$ years is:
Option A
Rs 13100
Option B
Rs 13210
Option C — Correct answer
Rs 13310
Correct choice.
Option D
Rs 13410
Explanation
Amount $=10000\times1.1^3=13310$.