Mr. Amit bought a car for ₹ 3,00,000 by making a down payment ₹ 50,000 and decided to pay equal annual payment for 10 years. How much would be each…
CA Foundation · Quantitative Aptitude · PYQS · May 2026
Mr. Amit bought a car for ₹ 3,00,000 by making a down payment ₹ 50,000 and decided to pay equal annual payment for 10 years. How much would be each payment if the interest on unpaid amount is 18% per annum, compound annually? (Given that P(10, 0.18) = 4.49409)
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 55,628.61
Topics: Part-A: Business Mathematics
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