Rajesh deposits ₹ 3,000 at the start of each quarter in his savings account. If the account earns interest 5.75% per annum compounded quarterly, how…
CA Foundation · Quantitative Aptitude · MTP · May 2026
Rajesh deposits ₹ 3,000 at the start of each quarter in his savings account. If the account earns interest 5.75% per annum compounded quarterly, how much money (in ₹) while he has at the end of 4 years? [Given that (1.014375) 16 = 1.25654]
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 54,308.6
Topics: Part-A: Business Mathematics
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