{"id":8521,"date":"2024-04-15T03:01:53","date_gmt":"2024-04-15T03:01:53","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=8521"},"modified":"2024-04-15T03:01:53","modified_gmt":"2024-04-15T03:01:53","slug":"in-the-cash-flow-diagram-shown-in-the-given-figure-a-equal-deposits-of-rs-3000-per-year-b-the-rate-of-interest-is-10-per-year-account-c-the-amount-accumulated-after-the-seventh-deposit-is-to-be-co","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-the-cash-flow-diagram-shown-in-the-given-figure-a-equal-deposits-of-rs-3000-per-year-b-the-rate-of-interest-is-10-per-year-account-c-the-amount-accumulated-after-the-seventh-deposit-is-to-be-co\/","title":{"rendered":"In the cash-flow diagram shown in the given figure A. Equal deposits of Rs. 3000 per year B. The rate of interest is 10% per year account C. The amount accumulated after the seventh deposit is to be computed D. All of these"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9995810fa0f\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Equal deposits of Rs. 3000 per year                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    The rate of interest is 10% per year account                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    The amount accumulated after the seventh deposit is to be computed                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    All of these                <\/div>\r\n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is D. All of these.<\/p>\n<p>The cash-flow diagram shows that equal deposits of Rs. 3000 are made at the end of each year for 7 years. The interest rate is 10% per year. The amount accumulated after the seventh deposit is to be computed.<\/p>\n<p>The formula for the future value of an annuity is $FV = A\\left(\\frac{1+r)^n-1}{r}\\right)$, where $A$ is the amount of each deposit, $r$ is the interest rate, and $n$ is the number of years. In this case, $A = 3000$, $r = 0.1$, and $n = 7$. Substituting these values into the formula, we get $FV = 3000\\left(\\frac{1+0.1)^7-1}{0.1}\\right) = 3000\\left(\\frac{1.1)^7-1}{0.1}\\right) = 4346.44$. Therefore, the amount accumulated after the seventh deposit is Rs. 4346.44.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[656],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In the cash-flow diagram shown in the given figure A. Equal deposits of Rs. 3000 per year B. The rate of interest is 10% per year account C. The amount accumulated after the seventh deposit is to be computed D. 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