The simple interest on a certain sum of money for 3 yr at 8 % pa is ha – McqOptions

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1.	The simple interest on a certain sum of money for 3 yr at 8 % pa is half the compound interest on 8000 for 2 yr at 10 % pa. Find the sum on which simple interest is calculated
A.	3500
B.	3800
C.	4000
D.	3600
Answer» B. 3800

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