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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Accepted Answer

C.I.= Rs.[4000*(1+10/100)^2-4000] =Rs.840 sum=Rs.(420 * 100)/3*8=Rs.1750

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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