Find the C.I. on Rs. 15,625 for 9 months at 16% per annum compounded quarterly? Options.
A) Rs.1978
B) Rs.1979
C) Rs.1951
D) Rs.1968
E) Rs.1929
P = Rs. 15625, n = 9 months = 3 quarters, R = 16% p.a. per quarter.   Amount = [15625 * (1 + 4/100)3]   = (15625 * 26/25 * 26/25 * 26/25)   = Rs. 17576 C.I.   = 17576 - 15625 = Rs. 1951.   Answer:Rs.1951
<result>C</result>
Find the C.I. on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?