Question

What will Rs500 amount to in 10yrs after its deposit in a bank which pays an interest of 10% compound annually

Answer 1

not sure what Rs is but the formula is A=p(1+r/n)^(nt)
where A is the final amount
p is the starting principal
r is the interest rate as a decimal
n is the number of times the interest compounds in a year
t is time in years
A=500(1+.10)^10
1296.87