Question

The principal of a school wishes to award a gold medal to a student securing highest marks
in statistics in 12th Std. examination each year. If this medal costs him Rs. 6,000 every year
and the rate of compound interest is 10% then the fixed amount that he has to deposit in
order to get the fund every year is
(a) 60000
(b) 600000 (c) 66000 (d) None​

Answer 1

Answer:

the of the question is = 66000 rupees