Vishwajeet wishes to have a lump sum Retirement Fund of Rs. 25,00,000/- in 30 years time. Assuming that he can get 12% returns per annum, compounded annually, what amount he should save every year to reach his target?
A. Rs. 11,254.24
B. Rs. 15,432.12
C. Rs. 10,359.14
D. Rs. 9,845.47
Reference: https://scripbox.com/plan/power-of-compounding/