Find compound interest on $ 12000 at 15% per annum for 2 years 4 months, compounded annually.	Choose the correct choice from the following choices:
A) 4663.5 B) 4203.5 C) 4303.5 D) 4403.5 E) 4103.5
Time = 2 years 4 months = 2(4/12) years = 2(1/3) years.   Amount = $ [12000 X (1+­(15/100))2 X (1+((1/3)*15)/100)]   =$ [12000 * (23/20) * (23/20) * (21/20)= 
<gadget id="calculator">12000 * (23/20) * (23/20) * (21/20)</gadget>
<output>33_327/2 = around 16_663.5</output>
$ 16663.50	.   :. C.I.= Rs. (16663.50 - 12000) = $ 4663.50   4663.5nswer 4663.5.
<result>A</result>
Find compound interest on $ 12000 at 15% per annum for 2 years 4 months, compounded annually.