The difference between CI and SI on a certain sum of money for 3 years at 5% p.a

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Question

The difference between CI and SI on a certain sum of money for 3 years at 5% p.a. is Rs. 122. Find the sum invested = ?

Options:

A . Rs. 10000

B . Rs. 12000

C . Rs. 16000

D . Rs. 20000

Answer: Option C

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