Answer : 3 Rs. 1901 Explanation : Answer: C) Rs. 1901 Explanation: P = Rs. 15225, n = 9 months = 3 quarters, R = 16% p.a. per quarter. Amount = 15225x1 41003 = (15225 x 26/25 x 26/25 x 26/25) = Rs. 17126.05 =

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Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?