question_answer

Michael Clerk invested Rs. 15000 in a finance company which claims money growth of one fifth of itself. It promised to pay the compound interest compounded quarterly. Find the amount he will get at the end of the year from the finance company.

A) (a) Rs. 18523.69

B) (b) Rs. 18232.59

C) (c) Rs. 18759.25

D) (d) Rs. 188548.46

E) (e) None of these