1.

What is the compound interest on a sum of Rs. 37,500 for \(1\frac{1}{3}\) years at a rate of 12% p.a if the interest is compounded 8 – monthly?

A. Rs. 6,440
B. Rs. 6,240
C. Rs. 6,448
D. Rs. 6,420
Answer» C. Rs. 6,448


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