Mathematics for FinancePYQ May 18Question 1175 of 422
All Questions

If $P 1,000$ be invested at interest rate of $5\%$ and the interest be added to the principal every $10$ years, then the number in years in which it will amount to $P 2,000$ is:

Options

A$16 \frac{2}{3}$ years
B$16 \frac{1}{4}$ years
C$16$ years
D$6 \frac{1}{4}$ years
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a$16 \frac{2}{3}$ years

All Options:

  • A$16 \frac{2}{3}$ years
  • B$16 \frac{1}{4}$ years
  • C$16$ years
  • D$6 \frac{1}{4}$ years

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 422 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free