A man took loan of Rs. 65,250 from HSBC Bank. If the rate of interest – McqOptions

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1.	A man took loan of Rs. 65,250 from HSBC Bank. If the rate of interest is 9% p.a., then what will be the difference in the amounts he would be paying after 1 year if the interest is compounded quarterly and compounded annually?
A.	72.4
B.	70
C.	69.05
D.	65.5
Answer» D. 65.5

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