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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 years is half the sum. The sum is ?
    1. Rs. 4800
    2. Rs. 6000
    3. Rs. 8000
    4. Data inadequate
Correct Option: D

Let, Sum = P
Then S.I = P/2
Rate = 8%
and Time = 6 years
But P/2 = (P x 8 x 6) /100 (Not possible )
Thus, data is inadequate.


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