How much amount is required to be invested every year so as to accumulate ₹30,000 at the end of 10 years if the interest compounded annually at 10%?…

CA Foundation · Quantitative Aptitude · MTP · January 2026
How much amount is required to be invested every year so as to accumulate ₹30,000 at the end of 10 years if the interest compounded annually at 10%? [Given; A(10, 0.1) = 15.9364]
(A) A. ₹1882.36
(B) B. ₹1828.30
(C) C. ₹1832.65
(D) D. ₹1853.65

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. ₹1882.36

Topics: Part-A: Business Mathematics

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