Question

Mr. Sakpal plans to save for his daughter's
marriage. He wishes to accumulate a sum of Rs.
4,64, 100 at the
end of 4 years. what
amount should he invest every year, if he can get interest of 10% p.a. compounded annually?
Given: (1.1)4 = 1.4641)​

Answer 1

$Mr. Sakpal plans to save for his daughter's</p><p>marriage. He wishes to accumulate a sum of Rs.</p><p>4,64, 100 at the</p><p>end of 4 years. what</p><p>amount should he invest every year, if he can get interest of 10% p.a. compounded annually? </p><p>Given: (1.1)4 = 1.4641)$

Answer:

Mr. Sakpal plans to save for his daughter's

marriage. He wishes to accumulate a sum of Rs.

4,64, 100 at the

end of 4 years. what

amount should he invest every year, if he can get interest of 10% p.a. compounded annually?

Given: (1.1)4 = 1.4641)