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

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

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