Find the compound interest on Rs. 16000 for 9 months at 20% per annum, compounded quarterly.

Options:

• A: Rs. 2520
• B: Rs. 2522
• C: Rs. 2500
• D: Rs. 2480

Related Practice Questions:

• Why is copper considered highly pure and extensively used in religious rituals by Hindus today according to the historical context of natural resources?
• Which of the following regions is described by R.S. Sharma as "the most coveted and contested area" fought over by important ruling powers in northern India?
• Paper currency was not used in ancient India. In which century was paper currency finally introduced to India?
• The earliest agricultural settlements and states in ancient northern India were founded along the Himalayan foothills (the "terai" route) during which period?