Determine the capital sum to be invested to receive annual income of R – McqOptions

MCQOPTIONS

1.	Determine the capital sum to be invested to receive annual income of Rs 1 lakh, if the rate of interest is 5%.
A.	Rs.50 lakh
B.	Rs.20 lakh
C.	Rs.100 lakh
D.	Rs.10 lakh
Answer» C. Rs.100 lakh

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