How much amount is required to be invested every year so as to accumulate ₹3,00,000 at the end of 10 years, if interest is compounded annually at 10%?
CA Foundation · Quantitative Aptitude · MTP · June 2024
How much amount is required to be invested every year so as to accumulate ₹3,00,000 at the end of 10 years, if interest is compounded annually at 10%?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 18,823.65
Topics: Part-A: Business Mathematics
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