Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • School
  • 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:

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:

Answers (1)

best_answer

\ extPrinciple =operatornameRs 4000$ time $=2$ year Rate $=10 \%$ \ Compound interest $= P imes(1+r)^n- P$ \ $I = P left( 1 + r )^ n - 1 ight$ \ $I=4000(1+.10)^2-1$ \ $I =4000(1.21-1)$ \ $I =840$ \ AS per question, Simple interest $=840 / 2=420= PRT / 100$ \ $SO , I =420= P imes 0.08 imes 3$ \ $I =1750 Rs$ \ Answer (C) $1750 Rs$

Posted by

Deependra Verma

View full answer

Similar Questions

Latest Question