Question

The interest received on investing Rs. 8,000 for 5 years at simple interest of 'r%' p.a. is Rs. 8,000. Find the total amount received on investing Rs. 6,000 for 2 years at compound interest of 'r%' p.a., compounded annually.

A Rs. 7,200
B Rs. 8,640
C Rs. 9,600
D Rs. 7,560
E Rs. 8,000
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