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Q:
A) Rs.2522 | B) Rs.2422 |
C) Rs.3522 | D) Rs.2322 |
Answer: A) Rs.2522
Explanation:
Explanation:
Principal = Rs.16,000;
Time=9 months = 3 quarters;
Amount
=Rs.[16000x(1+5/100)³] =[16000x21/20x21/20x21/20]
= Rs.18522.
C.I
= Rs.(18522 - 16000)
= Rs.2522.