the simple interest on a certain sum of money for 3 years at 8% pa is half the compound interest on 4000 for

September 2023 1 3 Report

the simple interest on a certain sum of money for 3 years at 8% pa is half the compound interest on 4000 for 2 years at 10% pa.

Step-by-step explanation:

Principle= Rs 4000

time=2 year

Rate=10%

Compound interest=P×(1+r) n −P

I=P{(1+r) n −1}

I=4000(1+.10) 2 −1

I=4000(1.21−1)

I=840

AS per question,

Simple interest=840/2=420=PRT/100

S0, I=420=P×0.08×3

I=1750Rs

Answer (C) 1750 Rs