A company needs ₹2,00,000 in 2 years. It saves equal sums at the end of every half-year at 12% a year compounded half-yearly. To the nearest rupee, what is each deposit? (Take $(1.06)^{4} = 1.262477$ .)

₹45,718Correct answerYour answer₹50,000Correct answerYour answer₹91,437Correct answerYour answer₹94,339Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Worth noting

₹50,000 divides the target by 4 deposits, ignoring interest.

Ten questions from Perpetuity, Sinking Funds & Bonds, at your own pace.

Ten questions from Perpetuity, Sinking Funds & Bonds, at your own pace.

A company needs ₹2,00,000 in 2 years. It saves equal sums at the end of every half-year at 12% a year compounded half-yearly. To the nearest rupee, what is each deposit? (Take (1.06)4=1.262477(1.06)^{4} = 1.262477(1.06)4=1.262477.)