Dinesh received a cash bonus of ₹ 1,00,000 which he deposited in a bank which pays 10 percent interest compounded annually. How much approximate…

CA Foundation · Quantitative Aptitude · PYQS · May 2025
Dinesh received a cash bonus of ₹ 1,00,000 which he deposited in a bank which pays 10 percent interest compounded annually. How much approximate equal amount can Dinesh withdraw annually for a period of 10 years? [Given that (1.1) 10 = 2.59374]
(A) A. ₹ 16,273
(B) B. ₹ 38,554
(C) C. ₹ 62,745
(D) D. ₹ 32,474

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. ₹ 16,273

Topics: Part-A: Business Mathematics

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