Q145
What is the amount (in Rs.) of a sum of Rs. 32,000 at 20% per annum for 9 months, compounded quarterly?
A.
37,044
AnswerB.
35,087
C.
32,000
D.
30,876
Answer: Option A
Solution
Answer: Option A
Solution:
\begin{array}{*{20}{c}} {{\text{Principal}}}&{}&{{\text{Amount}}} \\ {{{\left( {20} \right)}^3}}&:&{{{\left( {21} \right)}^3}} \\ {8000}&:&{9261} \\ {\,\,\,\,\,{ \downarrow ^{ \times 4}}}&{}&{\,\,\,\,\,{ \downarrow ^{ \times 4}}} \\ {{\text{Rs}}{\text{. }}32000}&{}&{\boxed{{\text{Rs}}{\text{. }}37044}} \end{array}