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Calculate interest on drawings @ 12% p.a. for Gambhir if he withdrew 7 2,000 once at the beginning of each month:

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Calculate interest on drawings @ 12% p.a. for Gambhir if he withdrew 7 2,000 once at the beginning of each month:

(a) 7 1,560
(b) 7 1,500
(c) 7 1,200
(d) 7 1,000

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(a) 7 1,560

correct is a

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