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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

Correct Answer: 1000 (1 + 0.1/4)^20

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Chemical Engineering Plant Economics MCQ: 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 | Extra Education