1
GATE ECE 2018
MCQ (Single Correct Answer)
+2
-0.67
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
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