Find compound interest on $ 10000 at 15% per annum for 2 years 4 months, compounded annually.	Choose the correct choice from the following options.
A) 3886.25
B) 3286.25
C) 3186.25
D) 3386.25
E) 3586.25
Time = 2 years 4 months = 2(4/12) years = 2(1/3) years.   Amount = $ [10000 X (1+­(15/100))2 X (1+((1/3)*15)/100)]   =$ [10000 * (23/20) * (23/20) * (21/20)= 
<gadget id="calculator">10000 * (23/20) * (23/20) * (21/20)</gadget>
<output>55_545/4 = around 13_886.25</output>
$ 13886.25	.   :. C.I.= Rs. (13886.25 -10000) = $ 3886.25   3886.25nswer 3886.25.
<result>A</result>
Find compound interest on $ 10000 at 15% per annum for 2 years 4 months, compounded annually.