Mathematics for FinanceMTP Jun 24Question 1407 of 479
All Questions

How much money is required to be invested every year as to accumulate Rs.6,00,000\displaystyle 6,00,000 at the end of 10 years, if interest is compounded annually at 10%\displaystyle 10\% rate of interest?

Options

A37,467\displaystyle 37,467
B37,476\displaystyle 37,476
C37,647\displaystyle 37,647
D37,674\displaystyle 37,674
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option c37,647\displaystyle 37,647

All Options:

  • A37,467\displaystyle 37,467
  • B37,476\displaystyle 37,476
  • C37,647\displaystyle 37,647
  • D37,674\displaystyle 37,674

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 479 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free