the simple interest on a certain sum of money for 3 years at 40 per annum is half the compound interest on rs 2000 for 2years at 10 percent per annum the sum invested on simple interest is?
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7th
Maths
Comparing Quantities
Simple Interest
The simple interest on a ce...
MATHS
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 .............. .
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ANSWER
Principle= Rs 4000
time=2 year
Rate=10%
Compound interest=P×(1+r)
n
−P
I=P{(1+r)
n
−1}
I=4000(1+.10)
2
−1
I=4000(1.21−1)
I=840
AS per question,
Simple interest=840/2=420=PRT/100
S0, I=420=P×0.08×3
I=1750Rs
Answer (C) 1750 Rs
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