Your grandfather is 75 years old. He has total savings of Rs 80,000. He expects that he will live for another 10 years, and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each yearthe first withdrawal occurring one year from nowin such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal.