Question

By investing Rs. 6,000 for 'a' years at an annual compound interest rate of 15%, the interest gained amounted to Rs. 1,935. Determine the simple interest earned when Rs. 6,000 is invested at an annual interest rate of 15% for the same 'a' years.

A Rs.2,800
B Rs.1,800
C Rs.1,500
D Rs.3,200
E none of these
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