allerySchool RD: 12 months at 6% yearly. To reach ₹12,400, minimum monthly sum in ₹100 multiples?
A₹1,000
B₹1,200
C₹1,100
D₹900
Answer & Solution
Correct answer: C. ₹1,100
₹1,000 matures to ₹12,390, so the next permitted instalment is ₹1,100.
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