# Aptitude | Compound Interest | Question 11

Find the compound interest on Rs. 15,000 for 9 months at 16% per annum compounded quarterly.**(A)** 1872.96**(B)** 1972.96**(C)** 2072.96**(D)** 2172.96**Answer:** **(A)****Explanation:** CI = 15000[1+(16/4)/100]^{4X(9/12)} -15000

= 15000[104/100]^{3} – 15000

= 15000 [1.125-1]

= 15000 X 0.125

= 1872.96

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