Question: A. You can save Rs 2,000 a year for 5 years, and Rs 3,000 a year for 10 years thereafter. What will these savings cumulate

A. You can save Rs 2,000 a year for 5 years, and Rs 3,000 a year for 10 years thereafter. What will these savings cumulate to at the end of 15 years, if the rate of interest is 10 per cent?

B. Mr. Vinay plans to send his son for higher studies abroad after 10 years. He expects the

cost of these studies to be Rs 1,000,000. How much should he save annually to have a sum of

Rs 1,000,000 at the end of 10 years, if the interest rate is 12 per cent?

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