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Exam CWM_LEVEL_2 topic 1 question 58 discussion

Actual exam question from AAFM India's CWM_LEVEL_2
Question #: 58
Topic #: 1
[All CWM_LEVEL_2 Questions]

Manav invests Rs. 500 every 6 months towards a fund to pay for his children’s education. If the investment pays ROI @9% per annum, compounded semi-annually, then what will be the corpus after 10 years?

  • A. Rs. 19,670
  • B. Rs. 1,15,884
  • C. Rs. 16,392
  • D. Rs. 15,686
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Suggested Answer: B 🗳️
by SABANARA at Sept. 30, 2023, 10:33 p.m.

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SABANARA
1 year, 2 months ago
your answer B is wrong and C is CORRECT ie., Rs.16392/-
upvoted 1 times
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