₹ 5000 is paid every year for 10 years to pay off a loan . What is the loan amount of interest rate be 14% p.a compounded annualy?
CA Foundation · Quantitative Aptitude · MTP · September 2025
₹ 5000 is paid every year for 10 years to pay off a loan . What is the loan amount of interest rate be 14% p.a compounded annualy?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹ 26080.55
Topics: Part-A: Business Mathematics
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