[Revenue Patwari Mains Sept, 2021]

2. The difference between compound interest and simple interest on a certain sum of money for 3 years at 5% per annum is ₹ 122. Find the sum invested.

1. ₹ 10000

2. ₹ 12000

3. ₹ 16000

4. ₹ 20000

Correct Answer :

₹ 16000