The difference between simple and compound interest for fourth year is Rs. 7280 at 20% p.a. What is principal sum?

Difference between Compound interest and Simple interest for the fourth year is Rs. 7280
$$\eqalign{ & P{\left( {\frac{6}{5}} \right)^3}\left( {\frac{1}{5}} \right) - \frac{P}{5} = 7280 \cr & \frac{P}{5}\left[ {{{\left( {\frac{6}{5}} \right)}^3} - 1} \right] = 7280 \cr & \frac{P}{5}\left[ {\frac{{216}}{{125}} - 1} \right] = 7280 \cr & \frac{P}{5} \times \frac{{91}}{{125}} = 7280 \cr & \therefore P = 50000 \cr} $$