In a bank, principal increases continuously at the rate of $5\%$ per year. An amount of $Rs.1000$ is deposited with this bank, how much will it work after $10$ years $(e^{0.5}=1.648)$.

Question

$\begin{array}{1 1} 1648 \\ 1500 \\ 1300 \\ 1200\end{array} $