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Miscellaneous·2022·Easy

If C is the compound interest on 10,000 for one year at 4% per annum when compounded quarterly, then which one of the following is correct ?

If C is the compound interest on 10,000 for one year at 4% per annum when compounded quarterly, then which one of the following is correct ?

Options

  1. a.

    C < ₹ 100

  2. b.

    ₹ 100 < C < ₹ 200

  3. c.

    ₹ 200 < C < ₹ 400

  4. d.

    C > ₹ 400

    Correct answer

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