A sum of money amounts to 2,240 at 4% per annum simple interest in 3 years the interest on the same sum for 6 months at 3$$\frac{1}{2}$$% per annum
Given, a sum of money amounts to 2,240 at 4% per annum simple interest in 3 years. ThenÂ
$$\frac{3 \times 4 \times P}{100} = 2240 - P$$
$$3 \times P = 25 (2240 - P)$$
$$28P = 25 \times 2240$$
$$P = 2000$$
Interest received on 2000 in 6 months at 3$$\frac{1}{2}% per annum is
S.I = $$\frac{2000 \times 7}{2 \times 2 \times 100}$$
S.I = $$35$$
Hence, option C is the correct answer.
Create a FREE account and get:
