Question

A sum of Rs. 55,000 becomes Rs. 72,600 after 2 years when invested at simple interest at r% per annum. What will be the simple interest earned on Rs. 80,000 at (5r/8)% p.a. in 4 years?

A Rs.32,320
B Rs.40,250
C Rs.32,000
D Rs.53,280
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