Find the compound interest on Rs 16 000 at 20 per annum for 9 months compounded quartely ........

Numerical Ability Compound Interest

Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely.

2500 rs.

2522 rs.

2700 rs.

2722 rs.

Principal = Rs.16,000;

Time=9 months = 3 quarters;

Amount =Rs.[16000x(1+5/100)³] =[16000x21/20x21/20x21/20]

= Rs.18522.

C.I = Rs.(18522 - 16000)

= Rs.2522.

Hence, option 2 is the correct answer.

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Mam please solve with tree method also