Question
Quantitative Aptitude Question on Compound Interest
The compound interest on 16000 at 20% p.a for 9 months, compounded quarterly is:
A
₹ 18522
B
₹ 16000
C
₹ 9261
D
₹ 2522
Answer
₹ 2522
Explanation
Solution
The correct answer is (D) : ₹ 2522.