Justin Bieber a famous singer once tries to solve a maths problem. He left no stone unturned in solving the question but failed. Help Justin to get rid of this problem,"On a certain sum of money the compound interest, calculated yearly, for the second year is Rs.1540 and for the third year it is 1694. Find the rate of interest and the money invested." 

1
Rs. 13,000 ; 8%
2
Rs. 16,000 ; 12%
3
Rs. 12,000 ; 20%
4
Rs.14,000 ; 10%

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