On a certain sum interest for 2 years at 5% is ₹16000. Find the sum.

SI = \(\frac{  P ×R ×T}{100}\)

16000 = \(\frac{  P × 5 ×2}{100}\)

16000 = \(\frac{  P }{10}\)

P = 160000

The correct answer is option (3) : ₹1,60,000