An investment of Rs. 1000 is carrying an interest of 10% compounded quarterly. T

Question

An investment of Rs. 1000 is carrying an interest of 10% compounded quarterly. The value of the investment at the end of five years will be

Options:

A . 1000 (1 + 0.1/4)20

B . 1000 (1 + 0.1)20

C . 1000 (1 + 0.1/4)5

D . 1000 (1 + 0.1/2)5

Answer: Option A

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