Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer?
Choose the most appropriate option.
A) 2828  B) 2338  C) 377  D) 4266  E) 288

Rationale: "ci = 14800 { [ 1 + 13.5 / 100 ] 2 - 1 } = 14800 { [ 1 + 27 / 200 ] 2 - 1 = 14800 { 2 + 27 / 200 } { 27 / 200 } = ( 74 ) [ 2 + 27 / 200 ] ( 27 ) = 1998 [ 2 + 27 / 200 ] = 3996 + 269.73 = rs . 4266 . answer : d"
Answer: D