What will be the compound interest on a sum of Rs. 31,250 for 2 years – McqOptions

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1.	What will be the compound interest on a sum of Rs. 31,250 for 2 years at 12% p.a, if the interest is compounded 8-month?
A.	Rs. 8,016
B.	Rs. 8,15
C.	Rs. 8,116
D.	Rs. 8,106
Answer» D. Rs. 8,106

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