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If the difference between the compound and simple interests on a certain sum of money for 3 years at 5% per annum is ₹ 15.25, then the sum is
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- ₹ 2,000
- ₹ 1,000
- ₹ 1,500
- ₹ 2,500
Correct Option: A
Given in question , Difference = C.I. - S.I. = ₹ 15.25 , Time = 3 years , Rate = 5%
Difference between C.I. and S.I for 3 years = | ![]() | ![]() | |||
(100)2 | 100 |
⇒ 15.25 = | ![]() | ![]() | |||
10000 | 100 |
⇒ 15.25 = | |
400 × 100 |
⇒ P = | = ₹ 2000 | |
305 |