Mathematics for FinanceMTP May 20Question 1568 of 422
All Questions

A person desires to create a fund to be invested at $10\%$ CI per annum to provide for a prize of $300$ every year. Using $V = a/i$ find $V$ and $V$ will be

Options

A$2,000$
B$2,500$
C$3,000$
DNone of these
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a$2,000$

All Options:

  • A$2,000$
  • B$2,500$
  • C$3,000$
  • DNone of these

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