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Simple interest on a certain sum of money for 3 years at per annum is half the compound interest on Rs. 9000 for 2 years at per annum. The sum placed on simple interest is:

  1. A
    Rs 3500
  2. B
    Rs 875
  3. C
    Rs 1750
  4. D
    Rs 1400

Solution & Step-by-step Explanation

Step 1: Find the compound interest (CI) on Rs. 9000 for 2 years at p.a.




Step 2: According to the problem, Simple Interest (SI) is half of this CI.

Step 3: Find the principal sum () placed on simple interest for 3 years at p.a.




Therefore, the sum placed on simple interest is Rs 1750.

Practice this question

Try it yourself before checking the explanation above.

Simple interest on a certain sum of money for 3 years at per annum is half the compound interest on Rs. 9000 for 2 years at per annum. The sum placed on simple interest is:
A
Rs 3500
B
Rs 875
C
Rs 1750
D
Rs 1400

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