Top 100+ Compound Interest Aptitude Questions and Answers - 2

Ans: C

P = Rs. 15625, n = 9 months - 3 quarters,

R = 16% p.a., - 4% per quarter.

Amount = Rs. [15625 × $$(1 +{4}/{100})^3$$]

= Rs. $$(15625 × {26/25} × {26/25} × {26/25})$$ = Rs. 17576.

C.I. = Rs. 17576 - 15625 = Rs. 1951.