Multiple choice

Mr. Philip invests an amount of Rs. $12200$ at the rate of $2$ p.c.p.a. for $4$ years to obtain a simple interest. Later he invests the principal amount as well as the amount obtained as simple interest for another $3$ years at the same rate of interest. What amount of simple interest will he obtain at the end of the last $3$ years?

  1. $1185.84$
  2. $1285.84$
  3. $1385.84$
  4. $1485.84$
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A Correct answer