Mathematics · Compound Interest
The amount (in Rs.) received on a sum of Rs. 24,000 at 16% p.a. for 9 months, interest compounded quarterly, is (correct to two decimal places):
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 119,962.74
- 226,969.74
- 326,996.74✓
- 426,699.74
Correct answer
26,996.74
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