While solving the question paper for SSC, CGL, Sitaraman was finding difficulty in solving a question. Help him to find the correct answer. The question is, "The difference between the compound interest for a year, payable half yearly, and a simple interest for a year is Rs.263 on a certain sum of money. If the rate of interest in both the cases is 10%. Find the sum lent out."

1
Rs. 102,500
2
Rs. 1,05,200
3
Rs.1,03,500
4
Rs.1,05,300

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