Compound Interest Sample Questions

3. 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:

A. Rs. 1750

B. Rs. 2000

C. Rs. 1550

D. Rs. 1650

LEAVE A REPLY

Please enter your comment!
Please enter your name here