Question

Rs. 85Y when invested for 4 years at simple interest of 11% p.a., yields an interest of Rs. 2992. If Rs. 105Y is invested for 3 years at compound interest (compounded annually) of 10% p.a., then find the amount received.

A RS.5000
B Rs.7526
C Rs.6922
D Rs.3571
E None of these
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