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The compound interest on Rs. 16000 for 9...

The compound interest on Rs. 16000 for 9 months at 20% per annum, if interest being compounded quarterly is:

A

`Rs. 2,520 `

B

`Rs. 2,524`

C

`Rs. 2,522`

D

`Rs. 2,518`

Text Solution

Verified by Experts

The correct Answer is:
C
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The compound interest on Rs. 12000 for 9 months at 20% per annum, interest being compounded quarterly, is :

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Knowledge Check

  • The compound interest on Rs. 12000 for 9 months at 20% per annum, interest being compounded quarterly is:

    A
    `Rs. 1750`
    B
    `Rs. 2089.70`
    C
    `Rs. 1891.50`
    D
    `Rs. 2136.40`

  • The compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly, is :

    A
    `Rs.636.80`
    B
    `Rs. 824.32`
    C
    `Rs. 912. 86`
    D
    `Rs. 828. 82`

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

    A
    ₹ `2518`
    B
    ₹ `2520`
    C
    ₹ `2522`
    D
    ₹ `2524`

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    Find the compound interest on Rs 320000 for one year at the rate of 20% per annum, if the interest is compounded quarterly.

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