Rs. 3000 was divided and given on loan at interest rates of 11% and 12% p.a. for one year. Total interest earned at the end of the 1st year is Rs. 348. Find the amount lent out at 12% interest.

1
Rs. 1,250
2
Rs. 1,800
3
Rs. 1,750
4
Rs. 1,200

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