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Find the compound interest on ₹ 16,000 a...

Find the compound interest on ₹ 16,000 at the rate of 20% per annum for 9 months. If the interest is compounded quarterly.

A

₹2,500

B

₹2,522

C

₹ 3,000

D

₹2,622

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The correct Answer is:
B
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