2010 · Q29
The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4,000 for 2 years at 10% per annum. What is the sum placed on simple interest ?
Elementary MathematicsInterest
- A1,550/-
- B1,650/-
- C1,750/-
- D2,000/-
Explanation
CI=Rs.840, half=420; P×3×8/100=420 gives P=1750.