Mathematics for FinancePYQ Sep 24Question 1265 of 479
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Kanta wants to accumulate 4,91,300\displaystyle 4,91,300 in her savings account after three years. The rate of interest offered by bank is 6%\displaystyle 6\% per annum compounded annually. How much amount should she invest today to achieve her target amount?

Options

A4,37,500\displaystyle 4,37,500
B4,09,600\displaystyle 4,09,600
C46,900\displaystyle 46,900
D49,600\displaystyle 49,600
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Correct Answer

Option b4,09,600\displaystyle 4,09,600

All Options:

  • A4,37,500\displaystyle 4,37,500
  • B4,09,600\displaystyle 4,09,600
  • C46,900\displaystyle 46,900
  • D49,600\displaystyle 49,600

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