Compound interest on a certain sum at the rate of 12% per annum after 2 years is Rs. 142464. Find the simple interest on the sum at the rate of 15% per annum for 7 years.

1
Rs. 5,00,000
2
Rs. 5,50,000
3
Rs. 5,88,000
4
Rs. 5,80,000
5
None of these

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