If compound interest received on a certain amount in the 3rd year is R – McqOptions

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1.	If compound interest received on a certain amount in the 3rd year is Rs. 1,240, what will be the compound interest (in Rs) for the 4th year on the sameÂ amount at 9% rate of interest?
A.	1245.6
B.	1521.6
C.	1351.6
D.	1220.6
Answer» D. 1220.6

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