Question

Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely.
A) Rs.2522
B) Rs.2422
C) Rs.3522
D) Rs.2322

Answer 1

Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely.
A) Rs.2522
B) Rs.2422
C) Rs.3522
D) Rs.2322➖➖✔️✔️➖➖

Answer 2

hi

here is your answer

Principal = Rs. 16000; Time = 9 months =3 quarters;

Rate = 20% per annum = 5% per quarter.

Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

CI. = Rs. (18522 - 16000) = Rs. 2522(A)

hope it helps

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