Question
Suppose a specific amount is invested in a Life insurance policy at a simple interest rate of 15% per annum for 2 years, the interest earned amounts to Rs.1,200. However, when the same amount is invested for 2 years at compound interest with a rate of 'a%' per annum, compounded annually, the total amount received after 2 years is Rs.5,760. What is the value of 'a'?
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