If p. i 2 = 96, and R = 8% compounded annually then P =

CA Foundation · Quantitative Aptitude · MTP · January 2025
If p. i 2 = 96, and R = 8% compounded annually then P =
(A) A. ₹ 14,000
(B) B. ₹ 15,000
(C) C. ₹ 16,000
(D) D. ₹ 17,000

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ₹ 15,000

Topics: Part-A: Business Mathematics

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