Question

Mr. Murthy invested Rs.16,000 in a scheme. How muck will he get on maturity, if he invested it at 20% per annum compound interest for 9 months, compounded quarterly?

A Rs. 18,523 Correct Answer Incorrect Answer
B Rs. 18,521 Correct Answer Incorrect Answer
C Rs. 18,524 Correct Answer Incorrect Answer
D Rs. 18,522 Correct Answer Incorrect Answer

Solution

The correct answer is D

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