Question

A man loans out Rs. 22,100 at a simple interest rate of 20% per annum. After 2 years, he reinvests the total amount received at an annual compound interest rate of 15%. What will be the compound interest earned on this reinvested amount after 2 years?

A Rs. 9842.36
B Rs. 9756.52
C Rs. 9612.25
D Rs. 9978.15
E Rs. 9596.5
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