Find compound interest on $ 6000 at 15% per annum for 2 years 4 months, compounded annually. Choices:
A) 2331.75
B) 2209.75
C) 2108.75
D) 2107.75
E) 2100.75

Rationale: "time = 2 years 4 months = 2 ( 4 / 12 ) years = 2 ( 1 / 3 ) years . amount = $ [ 6000 x ( 1 + ­ ( 15 / 100 ) ) 2 x ( 1 + ( ( 1 / 3 ) * 15 ) / 100 ) ] = $ [ 6000 * ( 23 / 20 ) * ( 23 / 20 ) * ( 21 / 20 ) ] = $ 8331.75 . : . c . i . = rs . ( 8331.75 - 6000 ) = $ 2331.75 answer a ."
Answer: A