Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?
Pick one
A) Rs.7288 B) Rs.2542 C) Rs.2522 D) Rs.2625 E) Rs.6271
A = 1600(21/20)3   = 2522   Answer: Rs.2522
<result>C</result>
Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?