n NISM Certifications
XV NISM Series XV
Medium

Ms. Z invests Rs 30,000 at 8% p.a. for 5 years. Future value = ?

Practice question from NISM XV Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 37,816

  2. B

    Rs. 42,560

  3. C

    Rs. 53,100

  4. Rs. 44,079

    Correct answer

Why this is the answer

FV = PV × (1 + r)^n = 30,000 × (1.08)^5 ≈ 44,079.

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