Quantitative Aptitude Interest Simple Interest

Deepthi loses Rs. 300 yearly on simple interest when the rate of interest falls from 12\(\frac{1}{2}\)% to 10\(\frac{1}{2}\)%. The amount invested by Deepthi is:

1
Rs. 16,000
2
Rs. 14,000
3
Rs. 15,000
4
Rs. 15,500

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