The future value of an annuity of ₹1500 made annually for five years at interest of 10% compounded annually is (Given that (1.1) 5 = 1.61051)

CA Foundation · Quantitative Aptitude · RTP · January 2025
The future value of an annuity of ₹1500 made annually for five years at interest of 10% compounded annually is (Given that (1.1) 5 = 1.61051)
(A) A. ₹9517.56
(B) B. ₹9157.65
(C) C. ₹9715.56
(D) D. ₹9175.65

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ₹9157.65

Topics: Part-A: Business Mathematics

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