The C.I of Rs. 32,000 in 9 months is Rs. 5044. If C.I is calculated quarterly find the rate per annum

The C.I of Rs. 32,000 in 9 months is Rs. 5044. If C.I is calculated quarterly find the rate per annum?

(a)          10%

(b)          50%

(c)           20%

(d)          40%

Sol: