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6.Interest
easy
Difference between simple interest and compound interest on a certain sum for $3$ years at $5 \%$ per annum is ₹ $122 .$ Find the sum (In ₹ )
A
$14000$
B
$16000$
C
$18000$
D
$20000$
Solution
$\sin m=\frac{\text { Difference } \times 100^{3}}{r^{2}(300+r)}=\frac{122 \times 100^{3}}{5^{2}+(300+5)}=\frac{122}{61} \times\left(\frac{100}{5}\right)^{3}=2 \times 8000=₹ 16000$
Standard 13
Quantitative Aptitude
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