If the difference between the CI and SI on a certain sum of money is ₹ 72 at 12% per annum for 2 years, then find the amount.

If the difference between the CI and SI on a certain sum of money is ₹ 72 at 12% per annum for 2 years, then find the amount.

• A. ₹ 6000
• B. ₹ 5000
• C. ₹ 5500
• D. ₹ 6500

 

The correct answer is option B. 5000. Can you explain this answer in the comments?

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