If deposited money Rs 10,000 in bank pays interest 10% annually, an amount after five years will be

The correct answer is A. Rs 16,105.14.

The formula for compound interest is:

$A = P(1 + r/n)^nt$

where:

• $A$ is the final amount
• $P$ is the principal amount
• $r$ is the interest rate
• $n$ is the number of times interest is compounded per year
• $t$ is the number of years

In this case, we have:

• $P = 10000$
• $r = 10\%$
• $n = 1$ (annually)
• $t = 5$

Substituting these values into the formula, we get:

$A = 10000(1 + 0.10/1)^1(5)$

$A = 10000(1.1)^5 = 16105.14$

Therefore, the amount after five years will be Rs 16,105.14.

Option B is incorrect because it is the amount after four years. Option C is incorrect because it is the amount after six years. Option D is incorrect because it is the amount after seven years.