The value of compound interest (in nearest ₹) if ₹ 30,00,000 is deposited in a bank for 1 year at the rate of 16% per annum compounded quarterly is:
CA Foundation · Quantitative Aptitude · PYQS · January 2026
The value of compound interest (in nearest ₹) if ₹ 30,00,000 is deposited in a bank for 1 year at the rate of 16% per annum compounded quarterly is:
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 5,09,576
Topics: Part-A: Business Mathematics
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