Kanta wants to accumulate ₹ 4,91,300 in her savings account after three years. The rate of interest offered by bank is 6 1 / 4 % per annum…
CA Foundation · Quantitative Aptitude · PYQS · September 2024
Kanta wants to accumulate ₹ 4,91,300 in her savings account after three years. The rate of interest offered by bank is 6 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 (B)
B. ₹ 4,09,600
Topics: Part-A: Business Mathematics
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