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Corporate Finance · Quiz 1 · 27 Oct 2024 · September 2024 term

Question 12: You have been depositing money at the end of each year i…

Question 12

+4 marksOne correct option

You have been depositing money at the end of each year into an account drawing 8% interest annually. What is the balance in the account at the end of year four if you deposited the following amounts? (Rounded off to the nearest integer)

YearEnd of year deposit
1Rs 35,000
2Rs 50,000
3Rs 72,500
4Rs 40,000
  1. A

    Rs 162,209

  2. B

    Rs 189,467

  3. C

    Rs 220,710

  4. D

    Rs 268,754

Show answer

Correct answer

  • C

    Rs 220,710

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Question 12 of 25 in the IIT Madras BS Corporate Finance (Corporate Finance) Quiz 1 paper sat on 27 Oct 2024, in the September 2024 term (IIT M DEGREE AN EXAM QDB2 27 Oct 2024). It carries 4 marks.

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