Max invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded quarterly, then the amount received by Max at the end of the year will be? Choose the most appropriate option.
A) 16557.1	B) 16557.19	C) 16557.25	D) 16557.3	E) 16557.38
P = Rs. 15000; R = 10% p.a. = 2.5% per quarter; T = 1 year = 4 quarters   Amount = [15000 * (1 + 2.5/100)4]   = (15000 * (1.025)4) = Rs. 16557.19   Answer: 16557.19
<result>B</result>
Max invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded quarterly, then the amount received by Max at the end of the year will be?