Q16. What sum of money should be deposited at the end of every 6 months to accumulate ₹50,000 in 8 years, if money is worth 6% p.a. compounded semi-annually ?
[Given : (1.03)16= 1.6047]
(A) ₹3,432.53
(B) ₹2,783.08
(C) ₹2,480.57
(D) ₹2,149.93
Solution
