Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A person started keeping aside 10,000 each year for his child's college education in a sinking fund. The amount he will receive after 6 years, if the rate of interest is 10% p.a., is : [Use $(1.1)^6=1.771$]

Options:

77,100

75,200

66,000

69,500

Correct Answer:

77,100