Previous Year SSC CHSL 2017 Tier I Questions

Question

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs 1200 for 2 years at 10% per annum. The sum placed on simple interest is

A Rs 525
B Rs 1050
C Rs 260
D Rs 420

Answer & Explanation

Answer: Option [A]