Give a quick stream of consciousness before answering the following question. Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?\nOptions:\n(A) 9268\n(B) 9261\n(C) 9262\n(D) 9242\n(E) 9266
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A = 8000(21/20)3 = 9261
The answer: (B).
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