Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?\nOptions:\n(A) 3388\n(B) 2778\n(C) 2522\n(D) 2988\n(E) 2771
Step-by-step reasoning:
(C)
A = 1600(21/20)3 = 2522.

Therefore, the answer is (C)