Q. Leila aspires to buy a car worth Rs. 10,00,000 after 5 years. What is the minimum amount in Rupees that she should deposit now in a bank which offers 10% annual rate of interest, if the interest was compounded annually?

(A) 5,00,000

(B) 6,21,000

(C) 6,66,667

(D) 7,50,000

Ans: 6,21,000

Sol: