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If the simple interest on a certain s...

If the simple interest on a certain sum for 15 months at `7 1/2%` per annum exceeds the simple interest on the same sum for 8 months at `12 1/2%` per annum by Rs 32.50, then the sum (in Rs) is: (a) Rs 3000 (b) Rs 3060 (c) Rs 3120 (d) Rs 3250

A

Rs. 312

B

Rs. 312.50

C

Rs. 3120

D

Rs. 3120.50

Text Solution

Verified by Experts

The correct Answer is:
C
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