CWM_LEVEL_2 practice question 10 of 35

Section C (4 Mark) Azhar aged 30 is a disciplined investor. He has started depositing Rs. 25,000 every year in an account that pays a return of 9% every year. He plans to increase his contribution by Rs. 5000 every year till his age 50. Calculate the amount he would be having in his account at this age.

Full set: 1,259 questions
Answer options
A: 1731111
B: 1279000
C: 30101111 Correct answer
D: 29101111
Correct Answer:
C. 30101111
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