Ramesh plans to save some amount required after 10 years for higher studies of his son. He expects the cost of these studies to be Rs.1,00,000. How much should he save at the beginning of each year to accumulate this amount at the end of 10 years, if the interest rate is 12% compounded annually. (Given (1.12)11=3.477)
Held on 30 May 2025 · Verified 13 Jul 2026.
Rs. 4029
Rs. 5702
Rs. 5091
Rs. 5901
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