Mathematics for FinanceMTP Mar 21Question 1515 of 422
All Questions

Antil bought a motor cycle costing $1,50,000$ by making a down payment of $50,000$ and agreeing to make equal annual payment for five years. How much would be each payment if the interest on unpaid amounts be $10\%$ compounded annually? $[P(5,0.10) = 3.79079]$

Options

A$26379.66$
B$26370.70$
C$26500.70$
D$26300.70$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a$26379.66$

All Options:

  • A$26379.66$
  • B$26370.70$
  • C$26500.70$
  • D$26300.70$

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