Multiple choice

The compound interest on Rs. 16000 for 9 months at 20% per annum, interest being compounded quarterly, is - 16000 रूपये पर 20% की वार्षिक चक्रवृद्धि ब्याज की दर पर 9 महीने के लिए ब्याज तिमाही संयोजित होने पर, ब्याज है-

  1. 1856

  2. 1660

  3. 2522

  4. 2225
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

For quarterly compounding, rate per quarter = 20%/4 = 5%, and time = 9 months = 3 quarters. Amount = 16000 × (1 + 0.05)^3 = 16000 × 1.157625 = 18522. Compound Interest = 18522 - 16000 = 2522. Options A and B are significantly lower.

Keep practicing — related questions