Mathematics · Compound Interest
A sum of Rs. 6000 is lent at the rate of 8% per annum compound interest, compounded quarterly. What will be the compound interest for 6 months?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 164.6
- 2Rs. 242.4✓
- 3Rs. 190.5
- 4Rs. 268.6
Correct answer
Rs. 242.4
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