Question

The interest received on investing Rs. 12,000 for 4 years at simple interest of 'y%' p.a. is Rs. 4,800. Find the total amount received on investing Rs. 8,000 for 2 years at compound interest of 'y%' p.a., compounded annually.

A Rs. 9,600
B Rs. 9,680
C Rs. 10,200
D Rs. 9,450
E Rs. 9,820
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