Vinay deposited ₹ 8000 in ICICI Bank, which pays him 12% interest per annum compounded quarterly. What is the amount that he receives after 15 months?
- A. ₹ 9228.8
- B. ₹ 9314.3
- C. ₹ 9274.2
- D. ₹ 9338.8
The correct answer is option C. 9274.2. Can you explain this answer in the comments?
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1. How to Prepare for Quantitative Aptitude for CAT by Arun Sharma
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