Question : The difference between simple interest and compound interest on a certain sum of money in 2 years at 3% per annum is 90 paise. What is the sum?

Option 1: Rs. 9000

Option 2: Rs. 5000

Option 3: Rs. 3000

Option 4: Rs. 1000

Question : A person lends a certain sum of money at the rate of 6% per annum on simple interest and the interest received in 13 years is Rs. 220 less than the sum lent. What is the sum lent?

Option 1: Rs. 1000

Option 2: Rs. 600

Option 3: Rs. 800

Option 4: Rs. 1200