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Class 8 Math MCQs – Certification Test 65

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MCQ 65: A refrigerator is priced at $10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then the interest on remaining amount for 2 years after deposit is:

  1. $2,148
  2. $1,848
  3. $1,948
  4. $2,048
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