Arithmetichard · Past Paper
Find the compound interest on Rs 10000 for 1 year at 20% p.a. compounded quarterly.
ARs 2155.06
BRs 2000
CRs 2100.50
DRs 2200
✓ Correct Answer: A — Rs 2155.06
R = 5%, T = 4 periods. A = 10000(1.05)^4 = 12155.06. CI = 2155.06.
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