Question

A sum of Rs. 'k' invested at compound interest at 20% p.a. yields Rs. 880 as interest at the end of 2 years, compounded annually. If Rs. (k + 1500) is invested at 20% p.a. simple interest for 4 years, what will be the total amount received at the end of 4 years?

A Rs. 5800
B Rs. 6100
C Rs. 6300
D Rs. 6500
E Rs. 6700
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