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 -
Explanations:
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