Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely.
Choose the correct choice from the following choices.
A) Rs.2522	B) Rs.2512	C) Rs.2572	D) Rs.2592	E) None
Solution   Principal	= Rs.16,000;   Time=9 months	= 3 quarters;   Amount   =Rs.[16000x(1+5/100)³]   =[16000x21/20x21/20x21/20]   = Rs.18522.   C.I	= Rs.(18522 - 16000)   = Rs.2522.   Rs.2522nswer Rs.2522
<result>A</result>
Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely.