Mr.X deposits Rs.1,00,000 in a bank which pays 10 percent interest. How much can he withdraw annually

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Mr.X deposits Rs.1,00,000 in a bank which pays 10 percent interest. How much can he withdraw annually for a period of 30 years. Assume that at the end of 30 years the amount deposited will whittle down to zero. What if the Balance is to be Rs. 10000 after 30 years.

Posted Date: Sep 19, 2021 02:25 PM

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Mr.X deposits Rs.1,00,000 in a bank which pays 10 percent interest. How much can he withdraw annually

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