Mathematics for FinancePYQ Jun 22Question 1454 of 462
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200\displaystyle ₹ 200 is invested at the end of each month in an account paying interest 6%\displaystyle 6\% per year compounded monthly. What is the future value of this annuity after 10th\displaystyle 10^{th} payment?

Options

A2,044\displaystyle 2,044
B12,044\displaystyle 12,044
C2,040\displaystyle 2,040
D12,000\displaystyle 12,000
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Correct Answer

Option b12,044\displaystyle 12,044

All Options:

  • A2,044\displaystyle 2,044
  • B12,044\displaystyle 12,044
  • C2,040\displaystyle 2,040
  • D12,000\displaystyle 12,000

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