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A sum fetched a total simple interest of Rs. 9648 at the rate of 12% per year in 6 years. What is the sum?

Rs 16080
Rs 10720
Rs 8040
Rs 13400

Correct Answer: Rs 13400

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Dev lent Rs. 8000 to Jairam for 17 years and Rs. 4700 to Karnik for 16 years on simple interest at the same rate of interest and received Rs. 21120 in all from both of them as interest. The rate of interest per annum is:

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