The simple interest on Rs.14000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for two years at the same rate of interest.	Choose the correct choice
A) 3052.82
B) 3052.51
C) 3028.31
D) 3028.11
E) 3028.81
R = 100 I / PT   =&gt; R = (100 * 7200)/ (14000 * 5) = 10.28%   CI = P{ [1 + R /100]n - 1}   = 14000 { [ 1 + 10.28 / 100]^2 - 1} = Rs.3028.11   Answer:3028.11
<result>D</result>
The simple interest on Rs.14000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for two years at the same rate of interest.