PG entrance exam CUET PG 2025 Mock Test Quantitative Aptitude Interest Simple and Compound Both

On a certain sum of money lent at 16% per annum, the difference between the compound interest for 1 year, payable half yearly and the simple interest for 1 year is Rs. 56. The sum is:  

1
Rs. 5,780
2
Rs. 7,805
3
Rs. 7,850
4
Rs. 8,750
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