The compound interest on a sum of Rs 5 500 at...

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The compound interest on a sum of Rs. 5,500 at 15% p.a. for 2 years, when the interest is compounded 8 monthly is:

A. Rs. 1,850

B. Rs. 1,880

C. Rs. 1,820.50

D. Rs. 1,773.75

Answer: Option C

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