Abhi borrowed an amount of Rs x at 10% p.a. for \(1 \frac{1}{2}\) year while the interest was compounded annually. Amit also took the same amount there at the same rate for the same time but the interest was compounded half-yearly. If the difference between the amount of interest paid by them is Rs 40.95, then what is the value of x?

1
Rs 16000
2
Rs 15600
3
Rs 15800
4
Rs 15400

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