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Alex invested his savings in two parts. The simple interest earned on the first part at $15 \%$ per annum for 4 years is the same as the simple interest earned on the second part at $12 \%$ per annum for $3$ years. Then, the percentage of his savings invested in the first part is

  1. $60\%$
  2. $62.5\%$
  3. $37.5\%$
  4. $4.40\%$
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