Solution-How much should ramesh save each year

How much should ramesh save each year

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Ramesh requires Rs 100,000 at the end of 5 years so he decides to keep certain equal amount out of his income at the end of each year in his bank account. The bank pays an interest of 8% per annum. How much should Ramesh save each year?

Reference no: EM131093278

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How much should ramesh save each year : Ramesh requires Rs 100,000 at the end of 5 years so he decides to keep certain equal amount out of his income at the end of each year in his bank account. The bank pays an interest of 8% per annum. How much should Ramesh save each year?

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How much should ramesh save each year

Reference no: EM131093278

Reference no: EM131093278

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