Mathematics · Simple and Compound Interest
The simple interest on a certain sum for 2 years at 10% per annum is half of the compound interest on a sum of ₹5,000 for 2 years at 10% per annum, interest compounded yearly. What is the sum placed on simple int erest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,575
- 2₹2,625✓
- 3₹2,500
- 4₹2,750
Correct answer
₹2,625
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