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  1. 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
    1. ₹ 2,000
    2. ₹ 1,000
    3. ₹ 1,500
    4. ₹ 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 =
PR2
300 + R
(100)2100

⇒  15.25 =
P × 25
5 + 300
10000100

⇒  15.25 =
P × 305
400 × 100

⇒  P =
15.25 × 400 × 100
= ₹ 2000
305



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