Q: What is compound interest on a sum of Rs. 37,500 for $$ {1{1\over 3 – McqOptions

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1.	Q: What is compound interest on a sum of Rs. 37,500 for $$ {1{1\over 3}}$$ years at a rate of 12 % per year. If the interest is compounded 8 monthly?
A.	Rs.6, 420
B.	Rs.6, 448
C.	Rs.6, 240
D.	Rs.6, 440
Answer» D. Rs.6, 440

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