Question

The compound interest earned on an investment of Rs. 'Y' over 2 years at an annual compound interest rate of 12%, compounded yearly, amounts to Rs. 1,272. Determine the interest earned on an investment of Rs. 12,800 over 3 years at a simple interest rate of 15% per annum.

A Rs. 1.21Y
B Rs. (1.1Y + 260)
C Rs. (1.1Y - 260)
D Rs. (0.8Y + 1240)
E Rs. (Y + 680)
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