A person invests ₹500 at the end of each year with a bank which pays interest at 10% p.a C.I. annually. The amount standing to his credit one year…
CA Foundation · Quantitative Aptitude · MTP · January 2025
A person invests ₹500 at the end of each year with a bank which pays interest at 10% p.a C.I. annually. The amount standing to his credit one year after he has made his yearly investment for the 12 th time is.[Given (1.1) 12 = 3.1384]
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 11,761.36
Topics: Part-A: Business Mathematics
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