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

A    4800

B    6000

C    8000

D    None of these

Solution

Correct Answer: Option D

 

Let, sum = P.

Then, S.I = (1/2)P, Rate = 8% and time = 6 years

P/2 = (P×8×6)/100

Thus, data is inadequate.

 

Practice More Questions on Our App!

Download our app for free and access thousands of MCQ questions with detailed solutions