A sum of Rs. 2769 is lent into two parts so that the interest on the first part for 8 years at 3% per annum may be equal to the interest on the second part for 3 years at 5% per annum. Find the second sum? Choose the most appropriate option:
A) 1642 B) 1640 C) 1632 D) 2789 E) 1704

Rationale: "( x * 8 * 3 ) / 100 = ( ( 2769 - x ) * 3 * 5 ) / 100 24 x / 100 = 41535 / 100 - 15 x / 100 39 x = 41535 = > x = 1065 second sum = 2769 – 1065 = 1704 answer : e"
Answer: E