A sum amounts to ₹37044 in 3 years at 5% p.a., interest being compounded yearly. If the same sum amounts to ₹$$x$$ in 16 months at 12% p.a., when the interest is compounded 8-monrhly, then the value of $$x$$ is:

A

38724.30

B

32374.80

C

37324.80

D

33247.80