Raju deposit ₹ 20,000 in a nationalized bank for 3 years at an annual interest rate of 8%, with the interest compounded every quarter. Find out how…

CA Foundation · Quantitative Aptitude · PYQS · May 2026
Raju deposit ₹ 20,000 in a nationalized bank for 3 years at an annual interest rate of 8%, with the interest compounded every quarter. Find out how much interest Raju earns in the first year and the second year.
(A) A. ₹ 1,632 & ₹ 1,712
(B) B. ₹ 1,684 & ₹ 1,738
(C) C. ₹ 1,648 & ₹ 1,784
(D) D. ₹ 1,696 & ₹ 1,746

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. ₹ 1,648 & ₹ 1,784

Topics: Part-A: Business Mathematics

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