Mathematics for FinancePYQ Dec 21Question 1230 of 479
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R needs money to pay 5,00,000\displaystyle 5,00,000 in 10\displaystyle 10 years. He invested a sum in a scheme at 9%\displaystyle 9\% rate of interest compounded half-yearly. How much amount (in )heinvested?\displaystyle ) he invested?1.046^{20}=2.41171$

Options

A3,07,321\displaystyle 3,07,321
B2,70,321\displaystyle 2,70,321
C2,07,321\displaystyle 2,07,321
D3,40,321\displaystyle 3,40,321
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Correct Answer

Option a3,07,321\displaystyle 3,07,321

All Options:

  • A3,07,321\displaystyle 3,07,321
  • B2,70,321\displaystyle 2,70,321
  • C2,07,321\displaystyle 2,07,321
  • D3,40,321\displaystyle 3,40,321

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