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Discussion :: eLitmus Model Paper 1

  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?
    2. A.
    Rs. 2125.54
    B.
    Rs. 2081.21
    C.
    Rs. 2100.25
    D.
    Rs. 2060

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    Answer : Option B

    Explanation :


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