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]
(A) A. ₹ 54,308.6
(B) B. ₹ 58,553.6
(C) C. ₹ 68,353.6
(D) D. ₹ 63,624.4

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. ₹ 54,308.6

Topics: Part-A: Business Mathematics

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