Find the compound interest on $ 46,000 at 20% per annum for 9 months, compounded quarterly  Choose the correct choice:  A) 2532.05  B) 2552.32  C) 2524.34  D) 7250.75  E) 9012.55
Principal = $ 46000; Time = 9 months =3 quarters;   Rate = 20% per annum = 5% per quarter.   Amount = $ [46000 x (1+(5/100))^3] = $ 53250.75   CI. = $ (53250.75 - 46000)= 
<gadget id="calculator">(53250.75 - 46000)</gadget>
<output>7_250.75</output>
$ 7250.75   Answer 7250.75.
<result>D</result>
Find the compound interest on $ 46,000 at 20% per annum for 9 months, compounded quarterly