A sum invested at 8% p.a. amounts to Rs. 20280 at the end of one year, when the interest is compounded half yearly. What will be simple interest on the same sum for 4\(\frac{3}{5}\) years at double the earlier rate of interest?

A sum invested at 8% p.a. amounts to Rs. 20280 at the end of one year,

1.	A sum invested at 8% p.a. amounts to Rs. 20280 at the end of one year, when the interest is compounded half yearly. What will be simple interest on the same sum for 4\(\frac{3}{5}\) years at double the earlier rate of interest?
A.	Rs. 14500
B.	Rs. 13500
C.	Rs. 14200
D.	Rs. 13800
Answer» E.

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A sum invested at 8% p.a. amounts to Rs. 20280 at the end of one year, when the interest is compounded half yearly. What will be simple interest on the same sum for 4\(\frac{3}{5}\) years at double the earlier rate of interest?

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