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AAFM Exam GLO_CWM_LVL_1 Topic 6 Question 80 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 80
Topic #: 6

[All GLO_CWM_LVL_1 Questions]

Roger deposits Rs. 10,00,000 in a bank account on 1st March 2005 and another Rs. 5,00,000 on 1st March 2011. He wants to withdraw all of this money with interest on 1st March 2015. If the account pays ROI of 11% P.A. compounded quarterly what amount can he withdraw from this account?

A2959874

B771755

C3731629

D3598455

Show Suggested Answer

Suggested Answer: C

by Melda at May 21, 2024, 02:15 AM

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Sage

5 months ago

Hold on, let me get out my abacus. Alright, I'm pretty sure the answer is option C. Although, with these interest rates, I might as well keep my money under my mattress!

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Casie

5 months ago

I'm feeling lucky today, so I'm going to go with option D. Who knows, maybe I'll surprise myself!

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Lelia

6 months ago

Wow, that's a lot of money! I'm going to have to double-check my calculations, but I think option A might be the right answer.

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James

4 months ago

I agree, it's important to double-check the calculations before making any withdrawals.

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Marylyn

4 months ago

I think option A is correct, the interest really adds up over time.

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Vivienne

5 months ago

Yes, it's a substantial amount. Let's hope our calculations are right.

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Freida

5 months ago

I'm leaning towards option D as the answer.

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Quentin

5 months ago

I think option C might be the right choice.

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Carlee

5 months ago

I agree, option A seems like the correct answer.

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Sabine

5 months ago

I think option A is correct too. That's a huge amount of money!

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Kayleigh

6 months ago

Hmm, 11% compounded quarterly, that's a nice return. Let's see, I'll go with option C on this one.

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Edelmira

5 months ago

Looks like option C is the popular choice here.

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Jacqueline

5 months ago

Great, we all seem to be in agreement with option C.

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Nada

5 months ago

Yes, I agree. Option C seems to be the most reasonable choice.

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Lauran

5 months ago

Option C it is then.

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Erick

5 months ago

I'm going with option C as well.

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Franklyn

6 months ago

I agree, option C seems like the best answer.

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Brandon

6 months ago

I think option C is the correct answer.

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Billye

6 months ago

I think option C is the correct choice.

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