Correct Answer - Option 1 : Rs. 8,000
Given,
Difference between C.I and S.I after 3 years = Rs. 88.128
Rate % = 6% p.a
Formula used,
CI – SI, for 3 years = (3R2/100 + R3/1002) % of P
Let, sum be Rs. X
C.I – S.I = (3R2/100 + R3/1002) % of P
⇒ (3 × 62 /100 + 63/1002) % of P = (1.08 + 0.0216) /100 × P = 88.128
⇒ 1.1016 × P = 8812.8
P = 8812.8/1.1016 = 8000
Therefore, sum = Rs. 8,000