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Q: `4,000 is given at 5% per annum for one year and interest is compounded half yearly. `2,000 is given at 40% per annum compounded quarterly for 1 year. The total interest received is nearest to:
  • A. `1,333.30
  • B. `1,130.70
  • C. `1,888.80
  • D. `1,444.40
Correct Answer: Option B -
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Explanations:

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