A sum amounts to Rs.37,632 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 sum amounts to Rs.37,632 at the end of two years at 12% per annum co

1.	A sum amounts to Rs.37,632 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.	Rs. 7,200
B.	Rs. 8,000
C.	Rs. 14,400
D.	Rs. 16,000
Answer» D. Rs. 16,000

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A sum amounts to Rs.37,632 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?

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