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]
(A) A. ₹1022
(B) B. ₹2066
(C) C. ₹2044
(D) D. ₹2155

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ₹2066

Topics: Part-A: Business Mathematics

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