Find the compound interest on $15,624 for 9 months at 16% per annum compounded quarterly.  Choose the correct choice from the following answers.
A) $4152	B) $1951	C) $2258	D) $8978	E) $8875
P=$15625, n=9 months=3 quarters, R=16% p.a=4% per quarter.   amount=$[15625*(1+(4/100)^3)] = $(15625*(26/25)*(26/25)*(26/25))= 
<gadget id="calculator">(15625*(26/25)*(26/25)*(26/25))</gadget>
<output>17_576</output>
$17576.   C.I= $(17576-15625)= 
<gadget id="calculator">(17576-15625)</gadget>
<output>1_951</output>
$1951.   answer($1951)
<result>B</result>
Find the compound interest on $15,624 for 9 months at 16% per annum compounded quarterly.