A certain sum of money is invested at 3% per annum for 3 years at simple interest. The simple interest earned is half the compound interest earned on ₹6,000 invested at 6% per annum for 2 years (with interest compounded annually). Find the sum invested at simple interest.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) ₹4,350
- (B) ₹3,890
- (C) ₹4,120
- (D) ₹3,650
Verified Answer
Option (C): ₹4,120
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