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Q: A person invests a sum of `105750 at simple interest in the name of his son, daughter and his wife in such a way that they get the same interest after 3, 4 and 5 years, respectively. If the interest rate is 5% per annum, then find the amount invested for the wife.
  • A. `30,000
  • B. `25,000
  • C. `27,000
  • D. `28,000
Correct Answer: Option C -
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Explanations:

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