13-What would be the total accumulated amount in 5 years if the sum of Rs. 10,000 is deposited in the bank at an interest rate of 6% per annum compounded monthly
A. Rs. 13,488.50
B. Rs. 13,345.50
C. Rs. 13,288.50
D. Rs. 13,500.50
Answer:A
13-What would be the total accumulated amount in 5 years if the sum of Rs. 10,000 is deposited in the bank at an interest rate of 6% per annum compounded monthly
A. Rs. 13,488.50 B. Rs. 13,345.50 C. Rs. 13,288.50 D. Rs. 13,500.50