Question:
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 40000 placed on simple interest is:
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 40000 placed on simple interest is:
Updated On: Oct 16, 2024
- Rs.1550
- Rs.1650
- Rs.1750
- Rs.2000
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The Correct Option is C
Solution and Explanation
The correct option is (C):Rs.1750
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