Student: Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?
Options:
(A) Rs.1261
(B) Rs.9261
(C) Rs.9621
(D) Rs.9162
(E) Rs.9164.
Another student: Let's say, hmmm...
A = 8000(21/20)3 = 9261 Final answer: (B).