An owner of a building sets aside Rs. 1,500 as sinking fund in the bank every year, from the rent he gets from the building. He wishes to rebuild another portion of the building after 25 years. If the rate of interest of the bank is 7%, what will be the amount available with him after 25 years?Note: Take 1.0725 = 5.43

An owner of a building sets aside Rs. 1,500 as sinking fund in the ban

1.	An owner of a building sets aside Rs. 1,500 as sinking fund in the bank every year, from the rent he gets from the building. He wishes to rebuild another portion of the building after 25 years. If the rate of interest of the bank is 7%, what will be the amount available with him after 25 years?Note: Take 1.0725 = 5.43
A.	Rs. 85,625
B.	Rs. 94,929
C.	Rs. 78,965
D.	Rs. 75,324
Answer» C. Rs. 78,965

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