Saif deposits Tk. 300 in a Bank at 10% interest rate compounded annually. At the end of the second year, the total amount including interest will become Tk.

Saif deposits Tk. 300 in a Bank at 10% interest rate compounded annually. At the end of the second year, the total amount including interest will become Tk.

A 660

B 720

C 160

D 726

Solution

Correct Answer: Option E