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 -
Explanations:
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