Question

A person lent Rs. 40000 at 8% p.a. compound interest, compounded annually for two years. After two years, the total amount earned by the person is again lent for 2 years at 25% p.a. simple interest. What is the total interest earned by the person in 4 years?

A Rs.29984
B Rs.20477
C Rs.22477
D Rs.28307
E None of these
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