self Maths Puzzle Logical Reasoning Logical Sequences

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:

A. Rs. 1550 B. Rs. 1650
C. Rs. 1750 D. Rs. 2000

Read Solution (Total 1)

SI=1/2(CI)
P*3*8/100=1/2(4000(1+10/100)2-4000)
P*24/100=420
P=42000/24
P=1750
7 years agoHelpfull: Yes(0) No(0)

self Other Question

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

A. 6.06% B. 6.07%
C. 6.08% D. 6.09% If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

A. Rs. 51.25 B. Rs. 52
C. Rs. 54.25 D. Rs. 60
View Answer Workspace Report Discuss in Forum