Question

A sum of Rs. 'P' was invested at 20% p.a. compound interest, compounded half-yearly for 1 year, and Rs. (P + 2000) was invested at 15% p.a. simple interest for 2 years. If the compound interest received is Rs. 1050 less than the simple interest received, what is the total interest received from both investments combined?

A Rs. 2850
B Rs. 3000
C Rs. 3150
D Rs. 3300
E Rs. 3450
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