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What sum of money invested at 12% simple interest will secure the...

Armed Forces Police Intelligence Exams Quizzes MCQ Quizzes Armed Forces Intelligence Computerized Initial Test 15

Question:
What sum of money invested at 12% simple interest will secure the same income as rs.25,000 can secure at 18%?(simple interest):

Option A):
40,500
Option B):
37,000
Option C):
39,000
Option D):
36,000

Correct Answer is Option B):
37,000