Raja aged 40 wishes his wife Rani to have ₹ 40 lakhs at his death. If his expectation of life is another 30 years and he starts making equal annual…
CA Foundation · Quantitative Aptitude · MTP · June 2024
Raja aged 40 wishes his wife Rani to have ₹ 40 lakhs at his death. If his expectation of life is another 30 years and he starts making equal annual investments at 3% compound interest p.a. how much should he invest annually :
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. 84077
Topics: Part-A: Business Mathematics
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