Question

Rs. 3,300 is put into a savings scheme at a simple interest rate of 36% per annum for 3 years. The maturity amount is then invested in a business venture that offers 25% compound interest per annum for 2 years. Find the final return from the business venture.

A Rs. 12,900.50
B Rs.10,717.50
C Rs. 18,757.65
D Rs. 12,536.75
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