A person takes a some amount on loan at 3% per annum simple interest payable annually. Immediately he gives it on loan at 5% per annum compound interest payable half yearly. At the end of year he earns profit of Rs 330/-. How much amount he tooks on loan?
1
Rs 17,000/-
2
Rs 16,500/-
3
Rs 16,000/-
4
Rs 15,000/-