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.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. ₹ 1,648 & ₹ 1,784
Topics: Part-A: Business Mathematics
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