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- Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs.
Question 1:
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 1650
B. Rs 1750
Feedback C.I.=(4000×(1+10/100)^2−4000) =840
S.I. = 840/2=420
So Sum = S.I.∗100/R∗T
420∗100/3∗8
Rs1750
S.I. = 840/2=420
So Sum = S.I.∗100/R∗T
420∗100/3∗8
Rs1750
C. Rs 1850
D. Rs 1950
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