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What is the compound interest on a sum o...

What is the compound interest on a sum of Rs 37500 for `1(1/3)` years at a rate of 12% p.a. if the interest is compounded 8- monthly?

A

₹6,440

B

₹6,240

C

₹6,420

D

₹6,448

Text Solution

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The correct Answer is:
B
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