Mr. X invests ₹ 10,000 every year starting from today for next 10 years suppose interest rate is 8% per annum compounded annually. Calculate future…

CA Foundation · Quantitative Aptitude · MTP · September 2025
Mr. X invests ₹ 10,000 every year starting from today for next 10 years suppose interest rate is 8% per annum compounded annually. Calculate future value of the annuity: [Given that (1+0.08) 10 = 2.158925]
(A) A. ₹ 156454.88
(B) B. ₹ 144865.625
(C) C. ₹ 156554.88
(D) D. none of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. ₹ 156454.88

Topics: Part-A: Business Mathematics

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