Find compound interest on $ 4000 at 15% per annum for 2 years 4 months, compounded annually.	Choose the correct choice:
A) 1554.5
B) 1509.5
C) 1108.5
D) 1107.5
E) 1100.5
Time = 2 years 4 months = 2(4/12) years = 2(1/3) years.   Amount = $ [4000 X (1+­(15/100))2 X (1+((1/3)*15)/100)]   =$ [4000 * (23/20) * (23/20) * (21/20)= 
<gadget id="calculator">4000 * (23/20) * (23/20) * (21/20)</gadget>
<output>11_109/2 = around 5_554.5</output>
$ 5554.50	.   :. C.I.= Rs. (5554.50 - 4000) = $ 1554.50   1554.5nswer 1554.5.
<result>A</result>
Find compound interest on $ 4000 at 15% per annum for 2 years 4 months, compounded annually.