Renu Bala deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, she will receive an amount of Rs X 10 years from now, where X is-A-Rs 3415B-Rs 4225C-Rs 4413D-Rs 4826-C-Rs 4413

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Renu Bala deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank&#39;s rate of interest in 5%, she will receive an amount of Rs X 10 years from now, where X is-A-Rs 3415B-Rs 4225C-Rs 4413D-Rs 4826-C-Rs 4413

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The correct option is  C Rs 4413 Let&#39;s calculate the future value: FV = 1200 * (1 + 0.05)^10 + 800 * (1 + 0.05)^8 + 1000 * (1 + 0.05)^5, FV = 1200 * (1.05)^10 + 800 * (1.05)^8 + 1000 * (1.05)^5, FV = 4412.91, ~Rs.4413.

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Q1: Renu Bala deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, she will receive an amount of Rs X 10 years from now, where X is

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Engineering Economy

Q1: Renu Bala deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, she will receive an amount of Rs X 10 years from now, where X is

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