Question

The simple interest earned on a certain sum at 12% per annum for 6 years is equal to 2/5 of the compound interest earned on ₹10,000 at 15% per annum, compounded annually for 3 years. Find the principal amount deposited at simple interest.

A Rs 3556.84
B Rs 2893.75
C Rs 3841.84
D Rs 2340.05
E None of these
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