[Forester, 2022]

4. The difference between the compound interest and the simple interest on a certain sum of money at 5% per annum for 2 year is ₹ 1.50. Find the sum.

1. ₹ 400

2. ₹ 500

3. ₹ 600

4. ₹ 700

Correct Answer :

₹ 600