The difference between the compound interest and the simple interest accrued on an amount at the end of three years at the rate of 12% is ₹381.888. What is the amount ?

Options

A. ₹9500
B. ₹ 8400
C. ₹7200
D. None of these

Explanation

To solve the problem, we need to find the principal amount (P) given that the difference between compound interest (CI) and simple interest (SI) for 3 years at a rate of 12% is ₹381.888.

### Step-by-Step Solution:

1. **Understanding the Formulae**:
- The formula for Simple Interest (SI) is:
\[
SI = \frac{P \times R \times T}{100}
...