Mathematics · Compound Interest

The compound interest on ₹30,000 for 9 months at 16% per annum, interest being compounded quarterly, is (nearest to a ₹):

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹4030
2₹5100
3₹4450
4₹3746✓

Correct answer

₹3746

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The compound interest on ₹30,000 for 9 months at 16% per annum, interest being compounded quarterly, is (nearest to a ₹):

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The compound interest on ₹30,000 for 9 months at 16% per annum, interest being compounded quarterly, is (nearest to a ₹):

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