Question

A sum is invested at 30% simple interest per annum for 2 years. The amount obtained is then reinvested at 10% compound interest per annum for 2 years. If the compound interest from the second investment is Rs 2016, find the original sum?

A Rs 5,000
B Rs 5,500
C Rs 6,000
D Rs 6,500
E Rs 7,000
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