Multiple Choice Questions on An investment company offers to pay Rs 20 304 at the end of 10 years to investors who deposit annual........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

An investment company offers to pay Rs 20 304 at the end of 10 years to investors who deposit annual...........

Finance (Phase -I & II) Financial Markets
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    An investment company offers to pay Rs. 20,304 at the end of 10 years to investors who deposit annually Rs. 1,000. What interest rate is implict in the offer?

    15%

    Correct Answer

    14%

    Incorrect Answer

    17%

    Incorrect Answer

    16%

    Incorrect Answer
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    Explanation:

    ACF= 20,304/1000  = 15%

    By: VISHAL GOYAL
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