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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. 16000 for 2 years at 10% per annum. The sum placed on simple interest is:

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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. 16000 for 2 years at 10% per annum. The sum placed on simple interest is:
1). Rs 14000
2). Rs 3500
3). Rs 7000
4). Rs 5600

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1 answers

4 vote
Answered by on | Votes 4 |
Rs 7000 : option 3 is the correct answer

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