state gov MP Police Constable Mock Test 2023 Quantitative Aptitude Interest Simple Interest

A sum was invested at 12.5% simple interest for 3 years. If the same sum was invested at 4.16% more for the same period, then it would have fetched Rs.120 more. Find the amount invested. (in Rs.)

1
Rs.1060
2
Rs.960
3
Rs.985
4
Rs.850
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