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[4000x(1+10/100)²-4000] Rs.(4000x11/10x11/10-4000) = Rs.940. 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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