Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?

Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, inter

1.	Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?
A.	Rs.17684
B.	Rs.1684
C.	Rs.2522
D.	Rs.3408
Answer» D. Rs.3408

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Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?

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