Correct Answer - Option 1 : Rs. 6655
Given:
Amount = 5000
Time = 3 years
Rate of interest = 10%
Formula:
Amount = P(1 + R/100)n
Here, P = Principal, R = Rate, n = Time
Calculations:
Amount = 5000 × [1 + (10/100)]3
⇒5000 × (11/10)(11/10)(11/10)
⇒6655 Rs.
∴ Krishna will get Rs. 6655 as maturity on fixed deposit.