The $S.I.$ is $Rs. 7200$ at $12$ $p.c.p.a.$ for $6$ years on a sum. What is the $C.I.$ (in $Rs.$) on the same sum at $5$ $p.c.p.a.$ for $2$ years?

  • A
    $1020$
  • B
    $1055$
  • C
    $1050$
  • D
    $1025$

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$Statements:$
$I$. The difference between the compound interest and simple interest earned in two years on the amount invested is ₹ $100$.
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$III$. The simple interest accrued in two years on the same amount at the same rate of interest is ₹ $3,000$.

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Which of the statements given below are sufficient to answer the following question?
What is the rate of interest $p.c.p.a.$ on the amount of $Rs. 15000$ taken as a loan?
$(I)$ The difference between $C.I.$ and $S.I.$ for $2$ years is $Rs. 170$.
$(II)$ The $S.I.$ for $2$ years is $Rs. 2500$.

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