Correct Answer - Option 2 :
₹ 43.101
CALCULATION:
As the rate is 20% p.a., so 3-month interest would be 5%.
∵ Interest is compounded every three months so for 1 year time period will be 1 year/3 month = 4
Amount = 200 × (1 + 5/100)4 = 200 × 1.054 = 200 × 1.2155 = 243.101
Interest = 243.101 – 200 = ₹ 43.101