An amount of ₹8,00,000 is needed after 2 years to buy a car. The amount deposited in a bank gives 8% per annum interest. What should be the approximate amount to be deposited in present in the bank to meet the requirement; if the interest is compounded annually?
1
₹4,55,567
2
₹5,66,647
3
₹6,85,871
4
₹6,44,457