Question
Anil initiated his financial journey by investing Rs. 7500 in a Contra fund, which offered a simple interest rate of 18% per annum for a duration of 2 years. After this period, he harnessed the compounded power of the accumulated amount by transferring it to another fund with an interest rate of 20% per annum, compounded annually, for 2 years. Determine the total interest earned by Anil at the end of four years ?
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