Question

Amit invested an amount in Fund 'P', which provides compound interest at a rate of 'r'% per annum, compounded annually. He invested the same amount in Fund 'Q', which provides simple interest at a rate of {(2r + 1)/2}% per annum. After 2 years, the interest earned from both funds is equal. Determine the value of 'r'.

A 10
B 12
C 6
D 18
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