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A. Rs. 81.60
B. Rs. 160
C. Rs. 1081.60
D. None of these

Explanation:

Principle = Rs.(8000/8) = Rs. 1000

Therefore, C. I = Rs. [{ 1000 × (1 +4/100)2 – 1000}]

= Rs. 81.60

Correct Answer: Rs. 81.60

Last Updated: February 07, 2020