Mathematics · Compound Interest

Find the compound interest on Rs. 18,300 for 9 months at 16% per annum compounded quarterly.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 6,523.99
2Rs. 2,285.01✓
3Rs. 450.44
4Rs. 1,298.73

Correct answer

Rs. 2,285.01

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Find the compound interest on Rs. 18,300 for 9 months at 16% per annum compounded quarterly.

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