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A sum of Rs. 7500 is divided into two pa...

A sum of Rs. 7500 is divided into two parts. The simple interest on first part at the rate of 12 % per annum is equal to the simple interest on second part at the rate of 18 %. What is the interest (in Rs) on each part for one year ?

A

600

B

360

C

480

D

540

Text Solution

Verified by Experts

The correct Answer is:
D
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