MAY 2025Foundation
Dinesh received a cash bonus of ₹ 1,00,000 which he deposited in a bank which pays 10 percent interest compounded annually. How much approximate equal amount can Dinesh withdraw annually for a period of 10 years? [Given that (1.1)¹º = 2.59374]
A
(A) ₹ 16,273
B
(B) ₹ 38,554
C
(C) ₹ 62,745