Question

'M' invested ₹19,200 at an annual compound interest rate of 10%, compounded yearly. After 'a' years, the total amount he received was ₹23,232. If 'Q' invested ₹48,000 at an annual compound interest rate of 15%, also compounded yearly for the same duration ('a' years), what would be the total amount received by 'Q'?

A Rs. 15,480
B Rs. 18,560
C Rs. 12,380
D Rs. 14,650
E Rs. 16,650
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