state gov UP Police ASI Mock Test 2023 - 24 Quantitative Aptitude Interest Compound Interest

The simple interest on a certain sum of money for 2 years at 15% per annum is half of the compound interest on ₹5,000 for 2 years at 10% per annum. What is the sum placed on simple interest?

1

₹2,250

2

₹2,000

3

₹1,750

4

₹1,050

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