Question:
The sum of money, which will amount to Rs.16,810 in 6 months at the rate of 10% per annum when the interest is compounded quarterly is:
The sum of money, which will amount to Rs.16,810 in 6 months at the rate of 10% per annum when the interest is compounded quarterly is:
Updated On: Mar 5, 2024
- Rs.16,400
- Rs. 15,500
- Rs.15,000
- Rs.16,000
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The Correct Option is D
Solution and Explanation
The correct answer is option (D):Rs.16,000
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