Question

Simple interest on a certain sum of money for 4 years at 5% per annum is half the compound interest on rs. 3000 for 2 years at 10% per annum. The sum placed on simple interest is:

Answer 1

is this right ? i am cofused

Answer 2

Step-by-step explanation:

compound interest :- 3000×21.55/100 = 646.5

that is 3646.5

now simple interest :- 3000×2×10/100 =600

that is 3600