The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on $ 400 for 2 years at 10% per annum. The sum placed on simple interest is:

The simple interest on a certain sum of money for 3 years at 8% per an

1.	The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on $ 400 for 2 years at 10% per annum. The sum placed on simple interest is:
A.	$ 1550
B.	$ 3120
C.	$ 3972
D.	$ 2000
Answer» D. $ 2000

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The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on $ 400 for 2 years at 10% per annum. The sum placed on simple interest is:

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