Ms. Rina buys a refrigerator worth ₹ 25,000. She pays ₹ 5,000 upfront and agrees to settle the remaining amount through five equal annual…
CA Foundation · Quantitative Aptitude · PYQS · January 2026
Ms. Rina buys a refrigerator worth ₹ 25,000. She pays ₹ 5,000 upfront and agrees to settle the remaining amount through five equal annual installments. The unpaid balance carries an interest of 18% per annum, compounded annually. Calculate the approximate value of each annual installment. Given P(5, 0.18)=3.12717.
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹6,395
Topics: Part-A: Business Mathematics
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