What will be the approximate future value of Tk. 1,000 in 10 years at 10% per year if interest in calculated monthly?

What will be the approximate future value of Tk. 1,000 in 10 years at 10% per year if interest in calculated monthly?

A 2,000

B 2,2000

C 2,500

D 2,700

Solution

Correct Answer: Option D