If after 10 years the desired balance is Rs. 5000 then how much should be invested if the rate of interest is 5% compounded quarterly
A. Rs. 3042
B. Rs. 3042.07
C. Rs. 3042.70
D. Rs. 3040
Answer:B
If after 10 years the desired balance is Rs. 5000 then how much should be invested if the rate of interest is 5% compounded quarterly
A. Rs. 3042 B. Rs. 3042.07 C. Rs. 3042.70 D. Rs. 3040