Mathematics · Simple and Compound Interest
The 8% simple interest on a certain principal sum for 3 years is half of the 10% compound interest on Rs. 8,000 for 2 years. Find the principal sum on which the simple interest is calculated.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4,000
- 2Rs. 3,800
- 3Rs. 3,600
- 4Rs. 3,500✓
Correct answer
Rs. 3,500
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