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    Question

    Mr. Murthy invested Rs.16,000 in a scheme. How muck will

    he get on maturity, if he invested it at 20% per annum compound interest for 9 months, compounded quarterly?
    A Rs. 18,523 Correct Answer Incorrect Answer
    B Rs. 18,521 Correct Answer Incorrect Answer
    C Rs. 18,524 Correct Answer Incorrect Answer
    D Rs. 18,522 Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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