Ravi took a loan of certain amount from a bank. If the difference of compound interest and simple interest on that amount for 3 years at the rate of 5% per annum is Rs. 11.40, then the amount is

Ravi took a loan of certain amount from a bank. If the difference of compound interest and simple interest on that amount for 3 years at the rate of 5% per annum is Rs. 11.40, then the amount is
1). Rs. 1500
2). Rs. 1475
3). Rs. 1395
4). Rs. 1495

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