Simple interest on a certain sum of money for 2 years at 12% per annum is half of the compound interest on rs. 4000 for 2 years at 10% per annum . find the sum placed on simple interest .
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Answer:
SI = P × R × T / 100
₹2000 = P × 12 × 2 /100
P = 2000 ×50 / 12
P = ₹ 8333.33
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