Question

If the deposited money $10,000 in bank pays interest 10% annually, an amount after five years will be

a.

16105.1 dollars

b.

0.01610 dollar per day

c.

16105.1 dollars per year

d.

16105.1 dollars per quarter

Answer: (a).16105.1 dollars

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. If the deposited money $10,000 in bank pays interest 10% annually, an amount after five years will be

Recommended Subjects

Are you eager to expand your knowledge beyond Financial Management and Financial Markets? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!