Question

Rs. 8000 when invested at simple interest of r% p.a. amounts to Rs. 9600 in 24 months. If the same sum had been invested for 1 year at compound interest of (r + 20) % p.a. (compounded in every 4 months), then the amount received would be?

A 10648
B 10248
C 10658
D 10048
E None of these
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