Home » Aptitude » Compound Interest

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:

Correct Answer: Rs,1750

Explanation:


C.I.= Rs.[4000*(1+10/100)^2-4000]


 =Rs.840


sum=Rs.(420 * 100)/3*8=Rs.1750


 


← Previous Question Next Question→

More Questions from Compound Interest

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion