The simple interest on a certain sum of money for 4 years at 4 per cent per annum exceeds the compound interest on the same sum for 3 years at 5 percent annum by Rs.57. Find the sum.
1
Rs 12,080
2
Rs 24,000
3
Rs 18,800
4
Rs 14,740
5
None of these
The simple interest on a certain sum of money for 4 years at 4 per cent per annum exceeds the compound interest on the same sum for 3 years at 5 percent annum by Rs.57. Find the sum.