Concept:It is an annuity due (payments at the beginning of each year).Explanation:The first payment of ₹10,000 is received today, so its present value is ₹10,000.The remaining 15 payments form an ordinary annuity starting one year from now.Given P(15,0.085)=8.304236, the present value of those 15 payments is 10,000×8.304236=₹83,042.36.Total present value = 10,000+83,042.36=₹93,042.36, which rounds to ₹93,042.Answer:₹93,042