Question

The 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:

Answer 1

Answer:

compound interest on 4000 for two years at 10 percent is rs 840

now simple intrest for three year is half of compount interst i.e 420

now 420 divided by 3=140=8%

therefore 100%=1750