Two men took loans of the same amount from an app. The first friend got it at 5% per annum compounded annually for 3 years and the second friend got it at the same rate and for the same time but on simple interest such that the difference between the interests for the first friend and the second friend is Rs. 610. Find the sum.
1
Rs.80,000
2
Rs.88,000
3
Rs.62,000
4
Rs.84,000