EC > GATE 2018 > Quantitative Aptitude
Leila aspires to buy a car worth Rs. 10,00,000 after 5 years. What is the minimum amount in Rupees that she should deposit now in a bank which offers 10% annual rate of interest, if the interest was compounded annually?
A
5,00,000
B
6,21,000
C
6,66,667
D
7,50,000

Correct : b

Similar Questions

It would take one machine 4 hours to complete a production order and another machine 2 hours to complete the same order. If both machines work simultaneously at...
#341 MCQ
Two design consultants, P and Q, started working from 8 AM for a client. The client budgeted a total of USD 3000 for the consultants. P stopped working when the...
#348 MCQ
If the number 715■423 is divisible by 3 (■ denotes the missing digit in the thousandths place), then the smallest whole number in the place of &#963...
#407 MCQ

Related Topics

No tags found

Unique Visitor Count

Total Unique Visitors

Loading......