Which of the following has the largest future value if $1,000 is invested today?
  • a)
    Five years with a simple annual interest rate of 10 percent
  • b)
    10 years with a simple annual interest rate of 8 percent
  • c)
    Eight years with a compound annual interest rate of 8 percent
  • d)
    Eight years with a compound annual interest rate of 7 percent
Correct answer is option 'C'. Can you explain this answer?

CA Foundation Question

Ragini Jha
Oct 19, 2019
Sab options ko ek ek bar lekar is question ka amount nikal lo answer mil jayega

This discussion on Which of the following has the largest future value if $1,000 is invested today?a)Five years with a simple annual interest rate of 10 percentb)10 years with a simple annual interest rate of 8 percentc)Eight years with a compound annual interest rate of 8 percentd)Eight years with a compound annual interest rate of 7 percentCorrect answer is option 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Which of the following has the largest future value if $1,000 is invested today?a)Five years with a simple annual interest rate of 10 percentb)10 years with a simple annual interest rate of 8 percentc)Eight years with a compound annual interest rate of 8 percentd)Eight years with a compound annual interest rate of 7 percentCorrect answer is option 'C'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Which of the following has the largest future value if $1,000 is invested today?a)Five years with a simple annual interest rate of 10 percentb)10 years with a simple annual interest rate of 8 percentc)Eight years with a compound annual interest rate of 8 percentd)Eight years with a compound annual interest rate of 7 percentCorrect answer is option 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.