Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly	Choose the correct choice from the following answers: A) 3378 B) 2522 C) 2778 D) 2567 E) 1781
Explanation:   Principal = Rs. 16000; Time = 9 months =3 quarters;   Rate = 20% per annum = 5% per quarter.   Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.   CJ. = Rs. (18522 - 16000) = Rs. 2522   Answer: 2522) 2522
<result>B</result>
Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly