Question
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
Answer: Option C
- C.I. = Rs. 4000 x ( 1 + 10 ) 2 - 4000 100 = Rs. ( 4000 x 11 x 11 - 4000 ) 10 10
= Rs. 840.
Sum = Rs. 420 x 100 = Rs. 1750. 3 x 8
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- C.I. = Rs. 4000 x ( 1 + 10 ) 2 - 4000 100 = Rs. ( 4000 x 11 x 11 - 4000 ) 10 10
= Rs. 840.
Sum = Rs. 420 x 100 = Rs. 1750. 3 x 8
Was this answer helpful ?
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