Mathematics for FinancePYQ Dec 22Question 1460 of 422
All Questions

Raju invests $₹ 20,000$ every year in a deposit scheme starting from today for next $12$ years. Assuming that interest rate on this deposit is $7\%$ per annum compounded annually. What will be the future value of this annuity?

Options

A$₹ 540,526$
B$382,813$
C$643,483$
D$357,769$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option b$382,813$

All Options:

  • A$₹ 540,526$
  • B$382,813$
  • C$643,483$
  • D$357,769$

Key Concepts to Understand

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