A bank offers 10% interest rate compounded annually. A person deposits Rs. 20,000 every year in his account. If he does not withdraw any amount, then how much balance will his account show after four years?
Pick:	A) Rs. 102102	B) Rs. 102220	C) Rs. 104202	D) Rs. 104222	E) Rs. 104233
Explanation:   Rs.20000 after 4 years = 20000(1+10/100)4 = 20000(11/10)4 = Rs. 29282   Rs.20000 after 3 years = 20000(1+10/100)3 = 20000(11/10)3 = Rs. 26620   Rs.20000 after 2 years = 20000(1+10/100)2 = 20000(11/10)2 = Rs. 24200   Rs.20000 after 1 year = 20000(1+10/100)1 = 20000(11/10) = Rs. 22000   Total amount after 4 years = 29282 + 26620 + 24200 + 22000 = Rs. 102102   Rs. 102102nswer: Option Rs. 102102
<result>A</result>
A bank offers 10% interest rate compounded annually. A person deposits Rs. 20,000 every year in his account. If he does not withdraw any amount, then how much balance will his account show after four years?