Question

The sum of money, which will amount to Rs.16,810 in 6 months at the rate of 10% per annum when the interest is compounded quarterly is:

• A. Rs.16,400
• B. Rs. 15,500
• C. Rs.15,000
• D. Rs.16,000

Answer 1

Answer: (D)

Rs.16,000

Answer 2

The correct answer is option (D):Rs.16,000