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RRB NTPC 2017 · Question 272 of 1076

Mr. Murthy invested Rs. 16,000 in a scheme. How much will he get on maturity, if he invested it at 20% per annum compound interest for 9 months, compounded quarterly?

  1. ARs. 18,523
  2. BRs. 18,521
  3. CRs. 18,524
  4. DRs. 18,522Correct

Answer: D. Rs. 18,522

Official answer key verified. Detailed explanation coming soon.

Source: RRB NTPC Tier-2 (CEN 03/2015) 17-Jan-2017 Shift-1 — solved paper with answer key · reliable-secondary

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