What will he get after 10 years from now?

Mr. Bakshi has invested Rs. 25,000/- @ 5% p.a. in a bank deposit. After 5 years rate of interest changes 6% p.a. computed half yearly. After further period of 2 years rate again changes to 7% p.a. compounded quarterly. After further 2 years rate again changes to Rs. 8% pa compounded monthly.

What will he get after 10 years from now?
A . Rs. 45,780/­
B . Rs. 55,563/­
C . Rs. 41,546/­
D . Rs. 44,682/­

View Answer

Answer: D