Q: A sum amounts to Rs. 37632 at the end of two years at 12% per annum compound interest when interest is compounded annually. What will be the simple interest on the same sum at the same rate for double the earlier period?/
A.
` 7,200
B.
` 8,000
C.
` 14,400
D.
` 15,000
Correct Answer:
Option C -
Explanations:
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