Find the Compound interest on 16000 at 20% per annum for 9 months.Find Compounded Quarterly?
Select:
A) 2500
B) 2510
C) 2520
D) 2530
E) 2522
Principle=16000   Interest=20   9 months=3 quarters   Amount=Rs[16000*(1+(20/5)/100))^3)]   =[16000*(1+(4/100)^3)]   =[16000*(104/100)^3]   =[(16000*21*21*21*21)/(20*20*20*20)]   =Rs.18522   Compound interest=Rs.(18522-16000)=Rs.2522   Option 2522
<result>E</result>
Find the Compound interest on 16000 at 20% per annum for 9 months.Find Compounded Quarterly?