Question

The interest received on investing Rs. 12,500 for 4 years at simple interest of 'k%' p.a. is Rs. 10,000. Find the total amount received on investing Rs. 8,000 for 2 years at compound interest of 'k%' p.a., compounded annually.

A Rs. 9,600
B Rs. 10,800
C Rs. 11,520
D Rs. 10,240
E Rs. 12,000
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