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Simple interest on a certain sum of money for 3 years at 16% per annum is half the compound interest on Rs. 12000 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 16% per annum is half the compound interest on Rs. 12000 for 2 years at 10% per annum. The sum placed on simple interest is
1). Rs 5250
2). Rs 1325
3). Rs 2100
4). Rs 2625

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3 vote
Answered by on | Votes 3 |
Rs 2625 is the answer

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