An investor is saving to pay off an obligation of ₹ 15,250 which will due in seven years, if the investor is earning 7.5% simple interest rate per…
CA Foundation · Quantitative Aptitude · MTP · May 2026
An investor is saving to pay off an obligation of ₹ 15,250 which will due in seven years, if the investor is earning 7.5% simple interest rate per annum, he must deposit ______ to meet the obligation.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. ₹ 10,000
Topics: Part-A: Business Mathematics
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