What sum of money invested now could establish a scholarship of ₹ 2500, which is to be awarded at end of every month forever, if money is worth 4%…
CA Foundation · Quantitative Aptitude · MTP · January 2026
What sum of money invested now could establish a scholarship of ₹ 2500, which is to be awarded at end of every month forever, if money is worth 4% compounded annually
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 62,500
Topics: Part-A: Business Mathematics
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