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The compound interest on Rs. 16000 for 9...

The compound interest on Rs. 16000 for 9 months at 20% per annum, if interest being compounded quarterly is:

A

`Rs. 2,520 `

B

`Rs. 2,524`

C

`Rs. 2,522`

D

`Rs. 2,518`

Text Solution

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The correct Answer is:
C
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