Mr. Raghu deposited Rs10000 in a bank now. The interest rate is 10 percent and compounding is done semi-annually. What will the deposit grow to after 10 years? If the inflation rate is 8 percent per year, what will be the value of the deposit after 10 years, in terms of the current rupee?

Answer rating: 100% (QA)

1 11000 23100 2 48510 101871 3 202940 426174 4 905... View the full answer