Question

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

Answer 1

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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= P/2

We know,

S . I .={P ×N × R}/{100}

P/2=P×6×8/100

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

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#sakshi