A invested Rs. 20,000 for 2 years and 10 days at an annual compound interest rate of 11%. After this period, the amount received is reinvested for the...
Question
A invested Rs. 20,000 for 2 years and 10 days at an annual compound interest rate of 11%. After this period, the amount received is reinvested for the same duration at the same rate but on simple interest. What is the approximate simple interest earned on this reinvestment?