Join ExamsbookAnswer : 3. "Rs. 1901"
Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?5
Q: Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?
- 1Rs. 1911false
- 2Rs. 1909false
- 3Rs. 1901true
- 4Rs. 1907false
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Answer : 3. "Rs. 1901"
Explanation :
Answer: C) Rs. 1901 Explanation: P = Rs. 15225, n = 9 months = 3 quarters, R = 16% p.a. per quarter. Amount = 15225x1+41003 = (15225 x 26/25 x 26/25 x 26/25) = Rs. 17126.05 => C.I. = 17126 - 15625 = Rs. 1901.05.