Compound interest for Rs. 1 ,000 for 4 years at 5% per annum when it is compounded quarterly-
A. Rs. 215
B. Rs. 218
C. Rs. 220
D. Rs. 225
Answer:C
Compound interest for Rs. 1 ,000 for 4 years at 5% per annum when it is compounded quarterly-
A. Rs. 215 B. Rs. 218 C. Rs. 220 D. Rs. 225