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Q:
A) 2422 | B) 2522 |
C) 2622 | D) 2722 |
Answer: B) 2522
Explanation:
Explanation:
Principal = Rs. 16000; Time = 9 months =3 quarters;
Rate = 20% per annum = 5% per quarter.
Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.
CJ. = Rs. (18522 - 16000) = Rs. 2522