The simple interest on a sum of money for 3 years at an interest rate – McqOptions

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1.	The simple interest on a sum of money for 3 years at an interest rate of 6% p.a is Rs. 6,750. What will be the compound interest rounded off on the same sum at the same rate for the same period, compounded annually is closed to:
A.	Rs. 7,103
B.	Rs. 7,663
C.	Rs. 7,133
D.	Rs. 7,163
Answer» E.

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