Simple interest on a certain sum of money for 3 years at 8 % per annum is half the compound interest on ₹ 4000 for 2 years at 10 % per annum. The sum placed on simple interest is:
A. ₹ 1550
B. ₹ 1650
C. ₹ 1750
D. ₹ 2000
Answer:C
Simple interest on a certain sum of money for 3 years at 8 % per annum is half the compound interest on ₹ 4000 for 2 years at 10 % per annum. The sum placed on simple interest is:
A. ₹ 1550 B. ₹ 1650 C. ₹ 1750 D. ₹ 2000