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Q: A certain sum amounts to रु 98494 at the rate of 15% per annum in 2 years, interest compounded 8-monthly. What will be the amount payable (in रु) on the same sum at the same rate and in the same time, if the interest is compounded yearly?
  • A. 97,865
  • B. 96,785
  • C. 97,685
  • D. 96,578
Correct Answer: Option A -
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Explanations:

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