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Q: Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?

  • 1
    Rs. 1911
  • 2
    Rs. 1909
  • 3
    Rs. 1901
  • 4
    Rs. 1907
  • Show Answer
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Answer : 3. "Rs. 1901"
Explanation :

Answer: C) Rs. 1901 Explanation: P = Rs. 15225, n = 9 months = 3 quarters, R = 16% p.a. per quarter.   Amount = 15225x1+41003   = (15225 x 26/25 x 26/25 x 26/25) = Rs. 17126.05   => C.I. = 17126 - 15625 = Rs. 1901.05.

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