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

₹ 4800
₹ 6000
₹ 8000
Data is inadequate

Correct Answer: Data is inadequate

Explanation:

Let sum = P
Then, according to the question.
SI = P/2
∴ P/2 = (P x 8 x 6)/100
∴ It is clear that data is inadequate.

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