A sum of Rs. 10,240 amounts to Rs. 14,848 in 3 years at simple interest at a certain rate percent per annum. The same sum will amount to Rs. x in \(\frac{1}{4}\) years at the rate, if the interest is compounded five-monthly. The value of x is:

A sum of Rs. 10,240 amounts to Rs. 14,848 in 3 years at simple interes

1.	A sum of Rs. 10,240 amounts to Rs. 14,848 in 3 years at simple interest at a certain rate percent per annum. The same sum will amount to Rs. x in \(\frac{1}{4}\) years at the rate, if the interest is compounded five-monthly. The value of x is:
A.	12,342.50
B.	12,282.50
C.	12,242
D.	12,182
Answer» C. 12,242

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A sum of Rs. 10,240 amounts to Rs. 14,848 in 3 years at simple interest at a certain rate percent per annum. The same sum will amount to Rs. x in \(\frac{1}{4}\) years at the rate, if the interest is compounded five-monthly. The value of x is:

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