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  • If you have Rs. 850 and you plan to save it for 4 years with an interest rate of 10%, what will be the future value of your savings? | MCQs Bucket

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If you have Rs. 850 and you plan to save it for 4 years with an interest rate of 10%, what will be the future value of your savings?

Q. If you have Rs. 850 and you plan to save it for 4 years with an interest rate of 10%, what will be the future value of your savings?
A.
Rs. 1,000
B.
Rs. 1,244
C.
Rs. 1,331
D.
Rs. 1,464

Answer : Rs. 1,244