Question

The interest earned when a sum is invested at simple interest of 20% p.a., for 3 years, is Rs. 3000. What will be the total amount received after 2 years on investing the same sum at compound interest (compounded annually) of 12% interest p.a.?

A Rs. 6200
B Rs. 6472
C Rs. 6772
D Rs. 6272
E None of these
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