The compound interest on a sum of 4000 becomes 630.50 in 9 months. – McqOptions

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1.	The compound interest on a sum of 4000 becomes 630.50 in 9 months. Find the rate of interest, if interest is compounded quarterly.
A.	20%
B.	23%
C.	19%
D.	21%
Answer» B. 23%

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