general math MCQ #1011

Find the Compound Interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?

general math MCQ #1011

  1. Question 1

    Q1. Find the Compound Interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?

    • A) Rs. 1851
    • B) Rs. 1941
    • C) Rs. 1951
    • D) Rs. 1961

    Answer: Rs. 1951

    Explanation: Quarterly rate = 4%, compounded over 3 quarters; CI = 15625 × [(1.04)³ − 1] = 15625 × 0.124864 = Rs. 1951.