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Q. |
Suppose an investor purchases a 91 days Treasury bill with a face value of ₹2,00,000 for ₹1,92,000. By holding the bill until the maturity date, the investor receives ₹2,00,000. What is the amount of interest received by him? |
A. | ₹8,000 |
B. | ₹80,000 |
C. | ₹3,92,000 |
D. | ₹2,00,000 |
Answer» B. ₹80,000 |
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