allerySchool RD: ₹1,000 monthly for a year. Interest at 8% yearly exceeds interest at 6% by
A₹65
B₹20
C₹130
D₹260
Answer & Solution
Correct answer: C. ₹130
The two-percentage-point annual rate difference adds 1000×12×13×2/2400, or ₹130.
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