What is the annual contribution required by an organization to accumulate ₹ 20,00,000 in ten years for the construction of a new manufacturing…
CA Foundation · Quantitative Aptitude · PYQS · September 2024
What is the annual contribution required by an organization to accumulate ₹ 20,00,000 in ten years for the construction of a new manufacturing plant, utilizing a sinking fund with an annual interest rate of 6% compounded annually ? {Where A(10, 0.06) = 13.180785}
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹ 1,51,736.03
Topics: Part-A: Business Mathematics
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