Sunil plans to save for his higher studies. He wants to accumulate a sum of ₹ 5,00,000 at the end of 10 years. How much amount should he invest…
CA Foundation · Quantitative Aptitude · PYQS · January 2025
Sunil plans to save for his higher studies. He wants to accumulate a sum of ₹ 5,00,000 at the end of 10 years. How much amount should he invest every year if the interest rate is 10% compounded annually ? (Given that (1.1) 10 = 2.593742)
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 3,137.27
Topics: Part-A: Business Mathematics
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