What will Rs 6250 amount to at the rate of 6% for one year, if the rate of interest is calculated after
every four months?
[Hint: Interest per 4 month is equal to 2% (6 + 3),
periods of time are 3 (4 months) each, 12 + 4 = 3.]
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What will Rs 6250 amount to at the rate of 6% for one year, if the rate of interest is calculated after
every four months?
[Hint: Interest per 4 month is equal to 2% (6 + 3),
periods of time are 3 (4 months) each, 12 + 4 = 3.]
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