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The compound interest on a certain sum f...

The compound interest on a certain sum for 3 years at 15% p.a.,interest compounded yearly, is Rs 4167. What is the simple interest on the same sum in `4 4/5` years at the same rate?

A

Rs. 6144

B

Rs. 6000

C

Rs. 4800

D

Rs. 5760

Text Solution

Verified by Experts

The correct Answer is:
D
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