The compound interest on Rs.8,000 at 20% per annum for 9 months compounded quarterlyis
A
1,260
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
1,261
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
1,271
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
1,281
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is B1,261 Here, P = Rs. 8,000, R=20% per annum, n=9 months =912year=34year A=P[1+R100]4n=8000[1+20400]4×34 =8000[2120]3 =8000×2120×2120×2120=9261 ∴CI=A−P−=9261−8000=Rs.1261