A sum of ₹ 14000 amounts to ₹ 18515 in 2 years at a certain rate percent p.a., interest compounded yearly. What will be the compound interest on the same sum, in the same time and at the same rate, if the interest is compounded 8-monthly?
1
₹ 4494
2
₹ 5620
3
₹ 4634
4
₹ 3234