The difference between the compound interest and the simple interest for a certain sum of money at 7% in two years is Rs. 49. The same sum amount of money is invested by Rahul in a business with a partner in a ratio of 5 : 2 but only for three months whereas the other partner invests for the whole year. If the profit received by the other partner is Rs. 4800 calculate the profit received by Rahul.
1
Rs.4800
2
Rs. 3000
3
Rs. 4500
4
Rs. 5400
5
Rs. 7800