On a certain sum, the difference between the compound interest and the simple interest for the second year is Rs.4500 and the same for the third year is Rs.14175. What is the sum?

200000

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216000

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196000

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212000

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156000

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Solution

The correct option is A 200000

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The difference between the compound interest and simple interest on a certain sum at $15 %$ per annum for $3$ years is Rs. $283.50$ .Find the sum.

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