If the difference between the compound and simple Interests on a certain sum of money for 3 years at 5% per annum is Rs.15,25. then the sum is
1). Rs.2.000
2). Rs.1.000
3). Rs.1.500
4). Rs.2.500
This is the right answer
Difference between C.I. and S.I
for 3 years
P = $\frac{15.25\times400\times400}{305}$
= 2000