Mathematics for FinancePYQ Sep 24Question 1265 of 422
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Kanta wants to accumulate $4,91,300$ in her savings account after three years. The rate of interest offered by bank is $6\%$ per annum compounded annually. How much amount should she invest today to achieve her target amount?

Options

A$4,37,500$
B$4,09,600$
C$46,900$
D$49,600$
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Correct Answer

Option b$4,09,600$

All Options:

  • A$4,37,500$
  • B$4,09,600$
  • C$46,900$
  • D$49,600$

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