Mathematics for FinancePYQ Jan. 21Question 1444 of 479
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2,500\displaystyle ₹ 2,500 is paid every year for 10\displaystyle 10 years to pay off a loan. What is the loan amount if interest rate be 14%\displaystyle 14\% p.a. compounded annually?

Options

A15,847.90\displaystyle ₹ 15,847.90
B13,040.27\displaystyle ₹ 13,040.27
C14,674.21\displaystyle ₹ 14,674.21
D16,345.11\displaystyle ₹ 16,345.11
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Correct Answer

Option c14,674.21\displaystyle ₹ 14,674.21

All Options:

  • A15,847.90\displaystyle ₹ 15,847.90
  • B13,040.27\displaystyle ₹ 13,040.27
  • C14,674.21\displaystyle ₹ 14,674.21
  • D16,345.11\displaystyle ₹ 16,345.11

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