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By Compound Interest Mathematics Mcqs 2 Comments

Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?

A. Rs.17684
B. Rs.1684
C. Rs.2522
D. Rs.3408

Explanation:

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A = 1600(21/20)3 = 2522

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