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Reeta invested ₹P in a scheme offering s...

Reeta invested ₹P in a scheme offering simple interest at the rate of `12%` pa. If the difference between the interest earned at the end of three years and that earned at the end of five years was ₹2880, what is the value of ‘P’?

A

₹ 9000

B

₹ 10800

C

₹ 12000

D

₹ 15000

Text Solution

Verified by Experts

The correct Answer is:
C
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