Sumit earned Rs. 10,692 as simple interest on Rs. 29,700 at a certain rate of interest for 3 years. His friend Anil invested Rs. 12,500 for 2 years at the same rate of interest but on compound interest compounded annually. How much did Anil earn as interest?
1
Rs. 3,150
2
Rs. 3,180
3
Rs. 3,200
4
Rs. 3,000