Rupa invested P in a scheme offering simple interest at the

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M: +1.00/-0.25

Rupa invested P in a scheme offering simple interest at the rate of 12% p.a. If the difference between the interest earned at the end of three years and that earned at the end of five years was 2880/-, what is the value of ‘P’ ?

[IBPS RRB Clerk 2018]

A 9,000/-

B 10,800/-

C 12,000/-

D 15,000/-

E 18,000/-