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

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

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

 

Amount = 15225x(1+4/100)³

 

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

 

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

Answer 2

Hi

Thanks for posting your doughts


Here the compound interest will be 1901 and the answer is therefore(c)


Hope it helps