Find the compound interest on Rs 16000 a - CUETMOCK

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

Find the compound interest on Rs 16000 at 20% p.a for 9 months compounded quarterly?

Options:

Rs 2000

Rs 2522

Rs 3000

Rs 2922

Correct Answer:

Rs 2522

CUET Questions