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A 12-month school RD changes from ₹500 monthly at 6% yearly to ₹600 at 8%. Maturity increases by

A₹1,317
B₹1,512
C₹117
D₹1,200
Answer & Solution
Correct answer: A. ₹1,317
The original maturity ₹6,195 rises to ₹7,512, an increase of ₹1,317.
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