Suresh deposited Rs 7500 in a bank for 6 months at the rate of 8% p.a., interest being compounded quarterly. Find the amount he received after 6 months.

Rs 7800

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Rs 7803

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Rs 7900

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Rs 7903

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Solution

The correct option is B
Rs 7803

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Suresh deposited Rs 7500 in a bank for 6 months at the rate of 8% p.a., interest being compounded quarterly. Find the amount he received after 6 months.

The correct option is B Rs 7803

The correct option is B
Rs 7803