Under a scheme of investment, the rate of interest is 4% and the inter – McqOptions

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1.	Under a scheme of investment, the rate of interest is 4% and the interest is compounded three monthly.What will be the amount if a man invests Rs. 2000 for 1 year under this scheme?
A.	Rs. 2125.54
B.	Rs. 2081.21
C.	Rs. 2100.25
D.	Rs. 2060
Answer» C. Rs. 2100.25

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