Question

A certain sum invested at compound interest of 10% p. a compounded annually, returns Rs. 6292 after 2 years. If a 20% greater sum is invested at a simple interest of 9% p. for ‘n’ years, then the interest received would be Rs. 2700. Find the value of 'n'.

A 5%
B 4%
C 4.8%
D 5.5%
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