Mathematics · Simple and Compound Interest
Simple interest on a certain sum of money for 2 years at 10% per annum is half the compound interest on Rs. 2000 for 2 years at 8% per annum. Find the sum placed on simple interest.
- 1Rs. 840
- 2Rs. 832✓
- 3Rs. 820
- 4Rs. 800
Correct answer
Rs. 832
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