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If the simple interest on a sum of money for 15 months at 7.5% per annum exceeds the simple interest on the same sum for 8 months at 12.5 % per annum by Rs. 32.50, then the sum of money ( In Rs.) is ?

Correct Answer: Rs. 3120

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Math MCQ: If the simple interest on a sum of money for 15 months at 7.5% per annum exceeds the simple interest on the same sum for 8 months at 12.5 % per annum by Rs. 32.50, then the sum of money ( In Rs.) is ? | Extra Education