Simple interest on a certain sum of money for 3 years at 8% per annum is half of the compound interest on ₹ 6000 for 2 years at 10% per annum. Find the sum on which simple interest is calculated ?
Simple interest on a certain sum of money for 3 years at 8% per annum is half of the compound interest on ₹ 6000 for 2 years at 10% per annum. Find the sum on which simple interest is calculated ?
Solution
✅ Correct Option: 4
Compound interest . Half of this is ₹630. So , i.e. , giving .
Related questions:
2022: 23 Aug Shift 1
2025: 15 May Shift 1
2025: 29 May Shift 2
2026: 25 May Shift 2