Mr. X Invests ₹10,000 every year starting from today for next 10 years suppose: interest rate is 8% per annum compounded annually. Calculate future…

CA Foundation · Quantitative Aptitude · MTP · September 2024
Mr. X Invests ₹10,000 every year starting from today for next 10 years suppose: interest rate is 8% per annum compounded annually. Calculate future value of the annuity: [Given that (1 + 0.08) 10 = 2.15892500]
(A) A. 156454.88
(B) B. ₹144865.625
(C) C. 156554.88
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ₹144865.625

Topics: Part-A: Business Mathematics

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