Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 16000 for 2 years at 10% per annum. The sum placed on simple interest is:

Simple interest on a certain sum of money for 3 years at 8% per annum

1.	Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 16000 for 2 years at 10% per annum. The sum placed on simple interest is:
A.	Rs 14000
B.	Rs 3500
C.	Rs 7000
D.	Rs 5600
Answer» D. Rs 5600