Mathematics · Compound Interest

What is the compound interest on Rs. 16,000 at 20% per annum for 9 months, if the interest is compounded quarterly?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 1,625
2Rs. 2,500
3Rs. 2,522✓
4Rs. 3,455

Correct answer

Rs. 2,522

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What is the compound interest on Rs. 16,000 at 20% per annum for 9 months, if the interest is compounded quarterly?

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What is the compound interest on Rs. 16,000 at 20% per annum for 9 months, if the interest is compounded quarterly?

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