If she had Rs. 260000 in her retirement plan when she retired, at what age did she retire?

Posted by: Pdfprep Category: GLO_CWM_LVL_1 Tags: , ,

Sonia works at the post office. She deposits Rs. 1000 on every birthday into a retirement plan which paid an interest rate of 8% from the age of 20 years until she retired.

If she had Rs. 260000 in her retirement plan when she retired, at what age did she retire?
A . 55
B . 60
C . 59
D . 57

Answer: B