Mathematics · Compound Interest

Find the compound interest on Rs. 30,000 at 16% per annum for 9 months, compounded quarterly. (Round off to the nearest integer)

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 3,745✓
2Rs. 3,325
3Rs. 3,644
4Rs. 2,745

Correct answer

Rs. 3,745

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Find the compound interest on Rs. 30,000 at 16% per annum for 9 months, compounded quarterly. (Round off to the nearest integer)

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Find the compound interest on Rs. 30,000 at 16% per annum for 9 months, compounded quarterly. (Round off to the nearest integer)

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