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:
- ARs 3500
- BRs 875
- CRs 1750
- DRs 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.
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.