Question

An investment of Rs. 9,600 at an annual interest rate of 'R' percent for three years yields a simple interest of Rs. 5,760. Calculate the compound interest accrued on a separate investment of Rs. 5,000 for one year at the same interest rate, with the interest being compounded semi-annually.

A Rs. 1,050
B Rs. 2,200
C Rs. 3,450
D Rs. 1,120
E None of these
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