Mathematics · Compound Interest
What will be the total compound interest on ₹8,000 in 9 months at a compound interest rate of 20% per annum, if the interest is compounded quarterly (once every 3 months)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,270
- 2₹1,261✓
- 3₹1,258
- 4₹1,250
Correct answer
₹1,261
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