In an account paying interest at the rate of 9% per year compounded monthly, ₹200 is invested at the end of each month. What is the future value of…
CA Foundation · Quantitative Aptitude · MTP · January 2026
In an account paying interest at the rate of 9% per year compounded monthly, ₹200 is invested at the end of each month. What is the future value of this annuity after 10 th payment? [Where, (1.0075) 10 = 1.0775]
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹2066
Topics: Part-A: Business Mathematics
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