Question

The interest received by investing Rs. 4500 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple interest of 21% p.a. Find the simple interest received.

A Rs. 1240.4
B Rs. 1207.4
C Rs. 1247.4
D Rs. 1147.4
E None of these
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