Question

A certain sum amounts to Rs. 2400 in 4 years and to Rs. 3456 in 6 years, when invested at R% p.a. compound interest, compounded annually. Find the amount received when Rs. 2000 is invested at (R – 5)% p.a. simple interest for 3 years.

A Rs. 2480
B Rs. 2720
C Rs. 2840
D Rs. 2900
E None of these
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