Question

Anurag invested a certain amount at an annual simple interest rate of 32% for the benefit of their child, who was 13 years old at the time. If the total amount received when the child turned 24 years old was Rs. 4520, what was the principal sum initially invested by the Anurag?

A Rs.1000
B Rs.1200
C Rs.1030
D Rs.1004
E none of these
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