Give stream of consciousness and then the final answer. Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?
Options:
(A) 9269
(B) 9261
(C) 9262
(D) 9231
(E) 9263
A = 8000(21/20)3 = 9261
The final answer: (B).