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Two equal sums (in are lent at 8% and 4%...

Two equal sums (in are lent at 8% and 4% simple interest p.a, respectively at the same time. The first sum is received 2 years earlier than the other and the amount received in each case is ? 14,500. Each sum is:

A

Rs. 12,800

B

Rs. 12,500

C

Rs. 13,200

D

Rs. 12,000

Text Solution

Verified by Experts

The correct Answer is:
B
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