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The simple interest on a sum of money at...

The simple interest on a sum of money at 10% per annum for 6 yr is half the sum. Then, the sum is

A

Rs. 5000

B

not possible

C

Rs. 4000

D

Rs. 6000

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The correct Answer is:
To solve the problem, we need to find the sum of money (principal amount, P) based on the information given about the simple interest. ### Step-by-step Solution: 1. **Understand the Given Information:** We know that the simple interest (SI) earned on a sum of money at 10% per annum for 6 years is half of the principal amount (P). 2. **Write the Formula for Simple Interest:** The formula for simple interest is: \[ \text{SI} = \frac{P \times r \times t}{100} \] where: - \( P \) = principal amount - \( r \) = rate of interest (in percentage) - \( t \) = time (in years) 3. **Substitute the Known Values:** From the problem, we have: - \( r = 10\% \) - \( t = 6 \) years - SI = \(\frac{1}{2} P\) Substituting these values into the formula gives: \[ \frac{1}{2} P = \frac{P \times 10 \times 6}{100} \] 4. **Simplify the Equation:** First, simplify the right side: \[ \frac{1}{2} P = \frac{60P}{100} \] This simplifies to: \[ \frac{1}{2} P = \frac{3P}{5} \] 5. **Eliminate P from Both Sides:** Since \( P \) is common on both sides, we can divide both sides by \( P \) (assuming \( P \neq 0 \)): \[ \frac{1}{2} = \frac{3}{5} \] 6. **Cross-Multiply to Solve for P:** Cross-multiplying gives: \[ 5 \cdot 1 = 2 \cdot 3 \] Which simplifies to: \[ 5 = 6 \] This is a contradiction, indicating that our assumption leads to an impossible situation. 7. **Conclusion:** Therefore, there does not exist any value of \( P \) that satisfies the given conditions.
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