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Te rbs pays 560 compounded daily based on 360 days on a

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Reference no: EM13572413

The RBS pays 5.60%, compounded daily (based on 360 days), on a 9-month certificate of deposit, if you deposit Rs.20, 000 you would expect to earn around __________ in interest.

Select correct option:

i) Rs.840
ii) Rs.858
iii) Rs.1,032
iv) Rs.1,121

Reference no: EM13572413

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