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The simple interest on a certain sum for 3 years at 14% p.a. is Rs. 4,200 less than the simple interest on the same sum for 5 years at the same rate.
Question

The simple interest on a certain sum for 3 years at 14% p.a. is Rs. 4,200 less than the simple interest on the same sum for 5 years at the same rate. Find the sum.

A.

Rs. 16,000

B.

Rs. 10,000

C.

Rs. 15,000

D.

Rs. 12,000

Correct option is C

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