The compound interest on 16,000 for 9 months at 20% per annum, inter – McqOptions

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1.	The compound interest on 16,000 for 9 months at 20% per annum, interest being compounded quarterly, is
A.	2,520
B.	2,524
C.	2,522
D.	2,518
Answer» D. 2,518

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