Find the C.I. on a sum of Rs.2000 for 6 months at 20% per annum, interest being compounded quarterly...

Find the C.I. on a sum of Rs.2000 for 6 months at 20% per annum, interest being compounded quarterly?

Quiz

Answer/Solution

205

Steps/Work

C.I.= 2000(21/20)^2-1800
= 205
Answer: A