Rajesh invests ₹ 20,000 per year in a stock index fund, with earns 9% per year, for the next ten years. What would be closest value of accumulated…
CA Foundation · Quantitative Aptitude · MTP · September 2025
Rajesh invests ₹ 20,000 per year in a stock index fund, with earns 9% per year, for the next ten years. What would be closest value of accumulated investment upon payment of the last installment? [Given : (1.09) 10 = 2.36736 ]
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹ 3,03,858.564
Topics: Part-A: Business Mathematics
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