If You deposit 10000 expected to pay you 2500 annually for 6yrs. Using interest 10% will accept this proposal? Why

Question

There is 60% increase in an amount in 5 years at simple interest.
What will be the compound interest of Rs. 10000 after 3 years at the same rate (compounded annually)?

Answer 1

With 10% interest rate (compounding) the 6 equal installments is coming at 2,296$, so if we are getting 2500$ which is way more then 2296 then I should accept the offer.

Formula for installments -
E = P×r×(1 + r)^n/((1 + r)^n - 1)
where
P = 10,000
r = .1
n = 6