Arslan invested ₹ 10,000 at 8% per annum compound quarterly, then the value of the investment after 2 years is [given (1.02) 8 = 1.171659]

CA Foundation · Quantitative Aptitude · MTP · June 2024
Arslan invested ₹ 10,000 at 8% per annum compound quarterly, then the value of the investment after 2 years is [given (1.02) 8 = 1.171659]
(A) A. ₹ 11,716.59
(B) B. ₹ 10,716.59
(C) C. 117.1659
(D) D. None of the above

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. ₹ 11,716.59

Topics: Part-A: Business Mathematics

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic