Question

Viraj invested Rs. 3500 at 20% p.a. simple interest for 3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest, compounded annually for another 2 years. Find the final amount received by Viraj at the end of 5 years.

A Rs. 8064
B Rs. 7488
C Rs. 8640
D Rs. 9216
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