Mathematics · Compound Interest
Find the compound interest on Rs. 14,000 at 16% per annum for 6 months compounded quarterly.
- 1Rs. 1,142.40✓
- 2Rs. 1,342.40
- 3Rs. 1,172.40
- 4Rs. 1,042.40
Correct answer
Rs. 1,142.40
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