Find the compound interest on Rs 15625 for 9 months, at 16% per annum, compounded quarterly.

Explanation

To find the compound interest on Rs 15625 for 9 months at 16% per annum, compounded quarterly, we can follow these steps:

### Step 1: Identify the given values
- Principal (P) = Rs 15625
- Rate of interest (R) = 16% per annum
- Time (T) = 9 months

### Step 2: Convert the time from months to years
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