Question

Rs. 5000 when invested at simple interest of r% p.a. amounts to Rs. 8000 in 24 months. If the same sum had been invested for 1 year at compound interest of (r + 30) % p.a. (compounded in every 4 months), then the amount received would be?

A 8240
B 8640
C 8340
D 8650
E None of these
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