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) 2875	B) 2654	C) 2645	D) 2456	E) 2522
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. CI. = Rs. (18522 - 16000) = Rs. 2522 Answer : 2522
<result>E</result>
Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly