In an account paying interest @ 9% per year compounded monthly, ₹ 200 is invested at the end of each month. What is the future value of this annuity…
CA Foundation · Quantitative Aptitude · PYQS · September 2024
In an account paying interest @ 9% per year compounded monthly, ₹ 200 is invested at the end of each month. What is the future value of this annuity after 10 th payment? {Where (1.0075) 10 = 1.0775}
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 2,066
Topics: Part-A: Business Mathematics
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