Question:

The compound interest on 16000 at 20% p.a for 9 months, compounded quarterly is:

Updated On: Mar 15, 2024

₹ 18522
₹ 16000
₹ 9261
₹ 2522

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The Correct Option is D

Solution and Explanation

The correct answer is (D) : ₹ 2522.

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