
### Instruction: help me answer this question What will Rs 500 amount to in 10 years after its deposit in a bank which pays an annual interest rate of 10% compounded annually?, think step by step
### Assistant: To calculate the future value of the deposit, we need to apply the formula for compound interest for 10 years, using the rate of 10% per annum. , The answer is The amount at the end of 10 years will be Rs 500 * (1.1)<sup>10</sup>.
