Mathematics · Compound Interest
What is the compound interest on Rs. 15,625 for 9 months at a rate of 16% per annum, compounded quarterly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,851
- 2Rs. 2,051
- 3Rs. 1,951✓
- 4Rs. 1,961
Correct answer
Rs. 1,951
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