CA Foundation Exam > CA Foundation Questions > The amount of an annuity certain of Rs. 150 f...
Start Learning for Free
The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I is
- a)Rs. 2190.28
- b)Rs. 1290.28
- c)Rs. 2180.28
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. ...
Given, annuity certain = Rs. 150 for 12 years
Rate of interest (r) = 3.5% p.a.
Let the amount of annuity certain be A.
Using the formula for the present value of an annuity,
A = [P(1+i)^n - 1]/i
where P is the periodic payment, i is the rate of interest per period, and n is the number of periods.
Substituting the given values, we get
A = [150(1+0.035)^12 - 1]/0.035
= [150(1.035^12 - 1)]/0.035
= 2190.28
Therefore, the amount of the annuity certain is Rs. 2190.28, which is option A.
Rate of interest (r) = 3.5% p.a.
Let the amount of annuity certain be A.
Using the formula for the present value of an annuity,
A = [P(1+i)^n - 1]/i
where P is the periodic payment, i is the rate of interest per period, and n is the number of periods.
Substituting the given values, we get
A = [150(1+0.035)^12 - 1]/0.035
= [150(1.035^12 - 1)]/0.035
= 2190.28
Therefore, the amount of the annuity certain is Rs. 2190.28, which is option A.
Free Test
FREE
| Start Free Test |
Community Answer
The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. ...
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer?
Question Description
The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer?.
The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer?.
Solutions for The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a. C.I isa)Rs. 2190.28b)Rs. 1290.28c)Rs. 2180.28d)None of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup