Question

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

Answer 1

Let the Si is equal to x
P=100x x/8x6
P=100x/48
P=25x/12

Answer 2

GIVEN:

Rate (R) of Simple Interest = 8%

Simple Interest (S.I) = Half of the Sum of money

To find:

The sum

Solution:

Let the sum be P, where P (or the Sum) denotes the Principle amount.

Given that R = 8%

N= 6 years

And, given in the sum,

$S .I=\frac{P}{2}$

We know,

$S . I .=\frac{P \times N \times R}{100}$

$\frac{P}{2}=\frac{P \times 6 \times 8}{100}$

But here, we see that P being in the numerator on both side, gets cancelled, leaving no variable, but only whole numbers.

Thus, Data is Incomplete in this sum.