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Q:

What will be the compound interest (nearest to Rs. 1 on a sum of Rs. 25,000 for 2 years at 12% p.a., if the interest is compounded 8-monthly?

  • 1
    Rs. 6.349
  • 2
    Rs. 6,493
  • 3
    Rs. 6,394
  • 4
    Rs. 6,439
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Answer : 2. "Rs. 6,493"

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