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Simple interest

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  1. The simple interest on a sum of money at 8% per annum for 6 yr is half the sum. What is the sum ?
    1. ₹ 4800
    2. ₹ 6000
    3. ₹ 8000
    4. Data is inadequate
    5. None of the above
Correct Option: D

Let sum = P
Then, according to the question.
SI = P/2
∴ P/2 = (P x 8 x 6)/100
∴ It is clear that data is inadequate.


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