Question

Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?
A) Rs. 1911
B) Rs. 1909
C) Rs. 1901
D) Rs. 1907

Answer 1

Hii dear here is your answer

option b is the correct answer

Hope it's help u

Answer 2

P = Rs. 15225, n = 9 months = 3 quarters, R = 16% p.a. per quarter.

Amount =

$15225x \:(1 + \frac{4}{100} ) {}^{3}$

(15225 x 26/25 x 26/25 x 26/25) = Rs. 17126.05

=> C.I. = 17126 - 15625 = Rs. 1901.05