Arithmetic Ability
Compound Interest

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Q.

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

View Answer

Correct choice: C

Explanation:

P = Rs. 15225, n = 9 months = 3 quarters, R = 16% p.a. per quarter. Amount = 15225x(1+4/100)3 = (15225 x 26/25 x 26/25 x 26/25) = Rs. 17126.05 => C.I. = 17126 - 15625 = Rs. 1901.05.
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