An interest rate is 5%, number of period are 3, and present value is Rs 100,and then future value will be

115.76

105

110.25

113.56

Answer is Right!

Answer is Wrong!

The correct answer is D. 113.56.

The future value of a sum of money is the amount of money that it will be worth in the future, given a certain interest rate and number of periods. The formula for calculating future value is:

$FV = PV(1 + r)^n$

where:

$FV$ is the future value
$PV$ is
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In this case, we are given that $PV = 100$, $r = 5\%$, and $n = 3$. Substituting these values into the formula, we get:

Option A is incorrect because it is the present value, not the future value. Option B is incorrect because it is the amount of interest that will be earned, not the future value. Option C is incorrect because it is the future value if the interest rate were 10%, not 5%.

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