The simple interest on a certain sum for 3 ½ years at 10% per annum is Rs. 2,940. What will be the compound interest on the same sum for 2 ½ years at the same rate when interest is compounded yearly (nearest to rupee)?

1
Rs. 2,327
2
Rs. 2,272
3
Rs. 2,227
4
Rs. 2,372

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