Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?
Options:
(A) 3388
(B) 2778
(C) 2522
(D) 2988
(E) 2771 Think first, then make a decision. Some random thoughts:
A = 1600(21/20)3 = 2522 So the answer is (C).