Find the compound interest on $ 26,000 at 20% per annum for 9 months, compounded quarterly
Choose the correct answer.
A) 2532.93 B) 2552.26 C) 2524.23 D) 4098.25 E) 2512.23
Principal = $ 26000; Time = 9 months =3 quarters;   Rate = 20% per annum = 5% per quarter.   Amount = $ [26000 x (1+(5/100))^3] = $ 30098.25   CI. = $ (30098.25 - 26000)= 
<gadget id="calculator">(30098.25 - 26000)</gadget>
<output>4_098.25</output>
$ 4098.25   Answer 4098.25.
<result>D</result>
Find the compound interest on $ 26,000 at 20% per annum for 9 months, compounded quarterly