alleryStart learning →Equal year-end deposits at 10% must build Rs 3,310 in 3 years. Each deposit?
ARs 1,100
BRs 1,000
CRs 1,103
DRs 1,331
Answer & Solution
Correct answer: B. Rs 1,000
The annuity factor is 3.31, so the deposit is 3,310 / 3.31 = Rs 1,000.
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