Simple interest on a certain sum of money for 5 years at 5% per annum is half the compound interest on * 3000 for 2 years at 10% per annum. The sum placed on simple interest is?
Answers
Answered by
1
Answer:
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
Similar questions