allerySchool RD: ₹500 monthly, 12 months, 6% yearly. Treating all ₹6,000 as held a year overstates interest by
A₹165
B₹360
C₹195
D₹180
Answer & Solution
Correct answer: A. ₹165
The incorrect ₹360 interest exceeds the school RD interest of ₹195 by ₹165.
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