Ranju wants to accumulate ₹4,91,300 in her savings account after three years. The rate of interest offered by bank is 16 1 / 4 % per annum…
CA Foundation · Quantitative Aptitude · MTP · January 2026
Ranju wants to accumulate ₹4,91,300 in her savings account after three years. The rate of interest offered by bank is 16 1 / 4 % per annum compounded annually. How much amount should she invest today to achieve her target amount?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹4,09,600
Topics: Part-A: Business Mathematics
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