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Find the compound interest on Rs. 15600 for 9 months at 32% per annum compounded quarterly.

This question was previously asked in
MP Police Constable Official Paper (Held On 15 Jan 2022 Shift 2)
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  1. Rs. 4051.5072
  2. Rs. 61245.6134
  3. Rs. 45098.4387
  4. Rs. 389.3454

Answer (Detailed Solution Below)

Option 1 : Rs. 4051.5072
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Detailed Solution

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Given :

Principal(P) = Rs. 15600

Time period (T) = 9 months =  yr

Rate of interest (R) = 32%

Formula used :

 , for C.I compounded quarterly

Calculation :

or  

or 

or C.I = Rs. 4051.5072

∴ The answer is Rs. 4051.5072 .

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Latest MP Police Constable Updates

Last updated on Mar 12, 2025

-> The MP Police Constable 2023 Final Merit List has been out on 12th March 2025.

-> MP Police Constable 2025 Notification will soon be released on the official website.

-> The The Madhya Pradesh Professional Examination Board (MPPEB) will announce more than 7500 Vacancies for the post of constable. 

-> Previously, the notification had invited eligible candidates to apply for 7,090 constable posts.

-> Candidates who have passed 10th or 12th are eligible to apply.

-> The final candidates selected will receive a salary between 19,500 and 62,600 INR.

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