CA CPT Dec 2015 Question Paper Quantitative Aptitude for online practice

Suppose your mom decides to gift you Rs. 10,000 every year starting from today for the next sixteenyears. You deposit this amount in a bank as and when you receive and get 8.5% per annum interestrate compounded annually. What is the present value of this money: Given that P (15, 0.085) =8.304236