Arithmetichard · Past Paper
Find the CI on Rs. 16000 for 9 months at 20% p.a. compounded quarterly.
ARs. 2520
BRs. 2522
CRs. 2600
DRs. 2400
✓ Correct Answer: B — Rs. 2522
n = 3 quarters, r = 5% per quarter. A = 16000(1.05)^3 = 18522. CI = 2522.
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