Question

The difference between compound interest (compounded annually) and simple interest on a certain sum 'P' at 15% per annum for 2 years is Rs. 450. Find the simple interest earned on a sum of Rs. (P + 5000) at 10% per annum for 3 years.

A Rs. 6,000
B Rs. 8,000
C Rs. 7,500
D Rs. 7,000
E Rs. 6,500
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