Mathematics for FinancePYQ Jun 23Question 1250 of 422
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Jonny wants to have $2,00,000$ in his saving account after three year. The rate of interest offered by bank is $8\%$ per annum compounded annually. How much should he invest today to achieve his target amount?

Options

A$1,47,489.10$
B$1,58,766.44$
C$1,71,035.59$
D$1,84,417.96$
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Correct Answer

Option b$1,58,766.44$

All Options:

  • A$1,47,489.10$
  • B$1,58,766.44$
  • C$1,71,035.59$
  • D$1,84,417.96$

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