**Solution:**

**The amount deposited in the bank is Rs 500.**

At the end of first year, amount = = Rs 500 (1.1)

At the end of 2nd year, amount = Rs 500 (1.1) (1.1)

At the end of 3rd year, amount = Rs 500 (1.1) (1.1) (1.1) and so on

∴Amount at the end of 10 years = Rs 500 (1.1) (1.1) … (10 times)

= Rs 500(1.1)^{10}