[PSSSB Revenue Patwari, 2023]

6. If the difference compound interest and simple interest on a certain sum of money for 3 years at 5% p.a. is ₹ 122, then the sum is

1. ₹ 25000

2. ₹ 19000

3. ₹ 16000

4. None of the above

Correct Answer :

₹ 16000