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Mr. Murthy invested Rs. 16,000 is a sche...

Mr. Murthy invested Rs. 16,000 is a scheme . How much will he get on maturity . If he invested it at `20%` per annum compound interest for 9 months, compounded quarterly ?

A

Rs. 18,523

B

Rs. 18,521

C

Rs. 18,524

D

Rs, 18,522

Text Solution

Verified by Experts

The correct Answer is:
D
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