What will be the maturity value of a sum of ₹18,000 invested today at the rate of 5% p.a. for 10 years ?

CS Executive · Financial and Strategic Management · PYQS · December 2019
What will be the maturity value of a sum of ₹18,000 invested today at the rate of 5% p.a. for 10 years ?
(A) ₹29,360
(B) ₹28,320
(C) ₹29,320
(D) ₹35,220

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Management

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