A man wants to invest sum of Rs. 25000 for 3 years. Whether he should invest in scheme which governs interest by simple interest or in scheme which governs interest by compound interest given rate of interest is 4% per annum. Also find the interest amount.
1
Simple interest, Rs. 3000
2
Compound interest, Rs. 3000
3
Simple interest, Rs. 3121.5
4
Compound interest, Rs. 3121.6
5
None of above