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A sum of Rs 10000 amounts to Rs 11664 in...

A sum of Rs 10000 amounts to Rs 11664 in 2 years, at a certain rate percent per annum, when the interest is compounded yearly. What will be the simple interest on the same sum for `5 2/5` years at the same rate?

A

Rs.4320

B

Rs.4160

C

Rs.3840

D

Rs.4040

Text Solution

Verified by Experts

The correct Answer is:
A
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