MCQOPTIONS
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| 1. |
In a bank, deposits can be made for periods ranging from 6 months to 10 years. Every quarter, an interest will be added on to the principal. The rate of interest applied is 9% per annum for periods form 12 months to 23 months and 10% per annum for periods form 24 months to 120 months. An amount of Rs. 1,000 invested for 2 years to grow, will be nearly |
| A. | Rs. 1, 218 |
| B. | Rs. 1,334 |
| C. | Rs. 1,414 |
| D. | Rs. 1,538 |
| Answer» B. Rs. 1,334 | |