FOUNDATION EXAMINATION: SEPTEMBER 2025Foundation
One person wants to have ₹20,000 at the end of six years. Hence, he deposits ₹ __________ (rounded in rupee) in a fund that pays 3% per annum, compounded annually. (Given : 1.03⁶ = 1.194)
A
(A) 17,000
B
(B) 17,250
C
(C) 17,750
D
(D) 16,750