A wants to invest ₹10,000 for a period of 3 years. The rate of return on amount to be invested is 10% p.a. compounded annually. By how much amount the return will differ approximately, if the rate of return been 10% p.a.
CS Executive · Financial and Strategic Management · PYQS · December 2022
A wants to invest ₹10,000 for a period of 3 years. The rate of return on amount to be invested is 10% p.a. compounded annually. By how much amount the return will differ approximately, if the rate of return been 10% p.a. compounded quarterly ? (A) ₹130 (B) ₹140 (C) ₹150 (D) ₹160
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Management
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