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Maths Puzzle
Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quarterly.
A. Rs. 2552 B. Rs. 2512
C. Rs. 2572 D. Rs. 2592
Read Solution (Total 1)
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- 20% per annum means 5 % per quarte
Total amount with compound interest for 9 months = 16000*(1+5/100)^3=
16000 *(21/20)^3 = 18522
CI = 18522 -16000 = Rs. 2522
so none of these options. - 12 years agoHelpfull: Yes(3) No(0)
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