Interest

Question
Two equal sums of money are lent at the same time at 8% and 7% per annum simple interest. The former is recovered 6 months earlier than the latter and the amount in each case is Rs. 2560. The sum and the time for which the sums of money are lent out are.
Options:
A. Rs. 2000, 3.5 years and 4 years
B. Rs. 1500, 3.5 years and 4 years
C. Rs. 2000, 4 years and 5.5 years
D. Rs. 3000, 4 years and 4.5 years

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Answer: Option A

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