Question

Veeru invested Rs. 3100 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 Veeru at the end of 5 years.

A Rs. 7656.25
B Rs. 7142.4
C Rs. 7948.8
D Rs. 9100.8
E Rs. 9561.6
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