₹1,500 is paid every years for 10 years to pay a loan. What is the loan amount, if rate of interest 5% p.a. ? If (1.05) 10 = 1.6288
CA Foundation · Quantitative Aptitude · MTP · April 2025
₹1,500 is paid every years for 10 years to pay a loan. What is the loan amount, if rate of interest 5% p.a. ? If (1.05) 10 = 1.6288
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 11,581.53
Topics: Part-A: Business Mathematics
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