Shiv deposits ₹ 10,000 annually in a bank for 5 years, at 10 percent annual compounding interest rate. Calculate the approximate value of this…
CA Foundation · Quantitative Aptitude · PYQS · May 2025
Shiv deposits ₹ 10,000 annually in a bank for 5 years, at 10 percent annual compounding interest rate. Calculate the approximate value of this series of deposits at the end of five years, if each deposit occurs at the beginning of the year.
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹ 67,156
Topics: Part-A: Business Mathematics
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