With continuous compounding at 8 percent for 20 years what i

With continuous compounding at 8 percent for 20 years, what is the approximate future value of a Rs. 20,000 initial investment?
Select correct option:
Rs.52,000
Rs.93,219
Rs.99,061
Rs.915,240

Interest rate, i = 8% compounded continuously Period, n = 20 years Initial Investment, A= $20,000 Future Value = A e(i%, n) = 20000 e(8%*20) = $99,061 Thus, the future value is $99,061