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Question:
The compound interest on 16000 at 20% p.a for 9 months, compounded quarterly is:
The compound interest on 16000 at 20% p.a for 9 months, compounded quarterly is:
Updated On: Mar 15, 2024
- ₹ 18522
- ₹ 16000
- ₹ 9261
- ₹ 2522
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The Correct Option is D
Solution and Explanation
The correct answer is (D) : ₹ 2522.
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