allerySchool RD: ₹1,000 monthly at 6% yearly. Minimum full-month term earning at least ₹300 interest?
A10 months
B12 months
C9 months
D11 months
Answer & Solution
Correct answer: D. 11 months
Interest is ₹275 for ten months and ₹330 for eleven, so eleven months is the minimum.
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