Question

The interest received on investing Rs. 15,000 for 5 years at simple interest of 'y%' p.a. is Rs. 18,750. Find the total amount received on investing Rs. 12,000 for 2 years at compound interest of 'y%' p.a., compounded annually.

A Rs. 18,750
B Rs. 17,250
C Rs. 19,400
D Rs. 18,000
E Rs. 15,600
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