Calculate the amount he would be having in his account at this age.?

Azhar aged 30 is a disciplined investor. He has started depositing Rs. 25,000 every year in an account that pays a return of 9% every year. He plans to increase his contribution by Rs. 5000 every year till his age 50.

Calculate the amount he would be having in his account at this age.?
A . 1731111
B . 1279000
C . 30101111
D . 29101111

View Answer

Answer: C