state gov MP Police SI Mock Test 2023 Quantitative Aptitude Interest Simple and Compound Both

Difference of S.I. on certain sum of money lent for 3 years and 5 years is Rs. 980. If rate of interest is 7% p.a., find the sum of money lent?  

1
Rs. 6,000
2
Rs. 5,000
3
Rs. 6,500
4
Rs. 7,000
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