A company charges 10% per annum compound interest on loan. A sum of ₹2,20,000 is given by the company for a period of 2 years. The company compounded the interest every six months instead of every year. How much money would have been saved by the borrower if the company compounded the interest annually (rounded up to one decimal place)?

A

₹1,111.40

B

₹1,211.40

C

₹1,312.20

D

₹1,412.20