Question

Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?

• A. Rs.9,021
• B. Rs.9,162
• C. Rs.9,261
• D. Rs.9,621

Answer 1

Answer:

C. Rs.9,261

(P) = Rs.8000 (R) =20/4 = 5% n= 9/3=3 8000 × (1+5/100)³ = 8000 × 105/100 × 105/100 ×105/100 =9261