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Examveda

The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is:

A. Rs. 4800

B. Rs. 6000

C. Rs. 8000

D. Date inadequate

Answer: Option D

Solution(By Examveda Team)

$$\eqalign{ & {\text{Let sum}} = x{\text{.}} \cr & {\text{Then,}} \cr & {\text{S}}{\text{.I}}{\text{.}} = \frac{x}{2} \cr & \therefore \frac{x}{2} = \frac{{x \times 8 \times 6}}{{100}} \cr} $$
Clearly, data is inadequate.

This Question Belongs to Arithmetic Ability >> Interest

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