Quantitative Aptitude Interest Simple Interest

The simple interest on a certain sum for \(3\frac{1}{3}\) years at 15% p.a. is Rs. 1,840 less than the simple interest on the same sum for \(5\frac{1}{2}\) years at 12% p.a. The sum is:

1
Rs. 12,500
2
Rs. 11,500
3
Rs. 13,500
4
Rs. 10,105

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