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:

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

Answer 1

Answer: (C)

Rs.1750

Answer 2

The correct option is (C):Rs.1750