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Find the C.
Question 1:
Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?
A.
Rs.176.84
B.
Rs.168.4
C.
Rs.252.2
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A = 1600(21/20)³ = 252.2
D.
Rs.340.8
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