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Mr. Jayesh plans to save amount for higher studies of his daughter, required after 10 years. How much amount should he save at the beginning of each…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

Mr. Jayesh plans to save amount for higher studies of his daughter, required after 10 years. How much amount should he save at the beginning of each year to accumulate Rs.1,00,000 at the end of 10 years. If rate of interest is 12% compounded annually? [Given (1.12)11=3.5(1.12)^{11} = 3.5(1.12)11=3.5]

Official previous-year question

Held on 27 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    Rs.5291

  2. B

    Rs. 5000

  3. C

    Rs. 5042

  4. D

    Rs. 5500

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