The difference between simple interest and compound interest of a certain sum of money at 20% per annum for 2 years is Rs.48. then sum is
1). Rs.1,000
2). Rs.1,200
3). Rs.1,500
4). Rs.2,000
Difference of two years
48=P $\frac{400}{10000}$
48 = $\frac{P}{25}$
P = 48 × 25 = 1200