What is the compound interest on Rs. 40960 at 15% per annum for 1.25 years, if the interest is compounded 5-monthly?

Options:

• A: Rs. 8170
• B: Rs. 8000
• C: Rs. 8250
• D: Rs. 8192

Related Practice Questions:

• Why is copper considered highly pure and extensively used in religious rituals by Hindus today according to the historical context of natural resources?
• Which of the following regions is described by R.S. Sharma as "the most coveted and contested area" fought over by important ruling powers in northern India?
• Paper currency was not used in ancient India. In which century was paper currency finally introduced to India?
• The earliest agricultural settlements and states in ancient northern India were founded along the Himalayan foothills (the "terai" route) during which period?