state gov UP Police ASI Mock Test 2023 - 24 Quantitative Aptitude Interest Simple and Compound Both

On a certain sum of money lent out 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. 60. The sum is:

1
Rs. 937.5
2
Rs. 9,000
3
Rs. 9,365
4
Rs. 9,375
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