The SI on a certain sum of money for 3 years at 8% pa is half the CI on Rs. 16000 for 2 years at 10% pa. Find the sum placed on simple interest?
1
Rs. 6000
2
Rs. 7000
3
Rs. 5000
4
Rs. 6500
The SI on a certain sum of money for 3 years at 8% pa is half the CI on Rs. 16000 for 2 years at 10% pa. Find the sum placed on simple interest?