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Q: What is the compound interest on a sum of ` 37,500 for 1⅓ years at a rate of 12% p.a. if the interest is compunded 8-monthly?
  • A. `6,448
  • B. `6,420
  • C. `6,440
  • D. `6,240
Correct Answer: Option D -
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Explanations:

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