Mr. X invest ₹ 10,000 every year starting from today for next: 10 years suppose interest rate is 8% per annual compounded annually. Calculate future…

CA Foundation · Quantitative Aptitude · MTP · May 2026
Mr. X invest ₹ 10,000 every year starting from today for next: 10 years suppose interest rate is 8% per annual compounded annually. Calculate future value of the annuity.
(A) A. ₹ 1,56,454.88
(B) B. ₹ 1,56,000.00
(C) C. ₹ 1,44,865.625
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. ₹ 1,56,454.88

Topics: Part-A: Business Mathematics

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