The compound interest on Rs 16000 for 9 months at 20% per annum, interest being

Question

The compound interest on Rs 16000 for 9 months at 20% per annum, interest being compounded quarterly, is = ?

Options:

A . Rs. 2520

B . Rs. 2524

C . Rs. 2522

D . Rs. 2518

Answer: Option C

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