Mr. Bhatia is interested to invest in a mutual fund SIP account and expecting which will grow by atleast 12% for Neena’s education need. Calculate how much he has to deposit per month?

Section C (4 Mark)

Read the senario and answer to the question.

Mr. Bhatia is interested to invest in a mutual fund SIP account and expecting which will grow by atleast 12% for Neena’s education need. Calculate how much he has to deposit per month?
A . Rs. 12,952
B . Rs. 14,956
C . Rs. 15,913
D . Rs. 16,946

Answer: A