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By Compound Interest Mathematics Mcqs No Comments

A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

A. Rs.2205
B. Rs.2200
C. Rs.2160
D. Rs.2040

Explanation:

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A = 2000(21/20)2 = 2205

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