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AAFM Exam GLO_CWM_LVL_1 Topic 1 Question 67 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 67
Topic #: 1
[All GLO_CWM_LVL_1 Questions]

Roger deposits Rs. 10,00,000 in a bank account on 1st March 2005 and another Rs. 5,00,000 on 1st March 2011. He wants to withdraw all of this money with interest on 1st March 2015. If the account pays ROI of 11% P.A. compounded quarterly what amount can he withdraw from this account?

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Suggested Answer: C

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