Question

Molly turns 25 today! An investment her
Grandfather made in her name on the day
of her birth is now worth Rs 50,000. The
investment has accumulated interest at 8%
compounded quarterly since the original
deposit. How much did her Grandfather
originally invest?
a. Rs 6,600.37
b. Rs 6,901.65
c. Rs 5,756.62
d. Rs 7,083.95​

Answer 1

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a. Rs 6,600.37

Answer 2

Step-by-step explanation:

7,083.95

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