Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?  Choose the correct answer:
A) 3377
B) 2889
C) 2522
D) 2678
E) 7111
A = 1600(21/20)3 = 2522   Answer: 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?