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Simple interest

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  1. The simple interest on a sum of money at 9% per annum for 5 yr is half the sum. What is the sum ?
    1. ₹ 5800
    2. ₹ 5000
    3. ₹ 7000
    4. Data is inadequate
Correct Option: D

Let the sum be P.
∵ SI = P/2
∴ P/2 = (P x 9 x 5)/100
Clearly data is inadequate.


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