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:
Options:
A . Rs 1550
B . Rs 1650
C . Rs 1750
D . Rs 2000
E . None of these
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
Submit Comment/FeedBack