A company wants to accumulate ₹1,00,000 after 5 years to replace a machine. If the fund earns 10% compound interest per annum, the annual amount to…
CA Foundation · Quantitative Aptitude · MTP · September 2026
A company wants to accumulate ₹1,00,000 after 5 years to replace a machine. If the fund earns 10% compound interest per annum, the annual amount to be deposited in the sinking fund is approximately:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹16,380
Topics: Part-A: Business Mathematics
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