Quantitative Aptitude

Data Sufficiency 1 - Discussion Forum

Quantitative Aptitude Discussion Forum

Data Sufficiency 1

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Question 458
Question 458 Back to Exercise
An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest on it at the same rate ?

I.  The rate of interest was 8 p.c.p.a.

II. The total amount of simple interest was ₹ 1200.

A I alone sufficient while II alone not sufficient to answer
B II alone sufficient while I alone not sufficient to answer
C Either I or II alone sufficient to answer
D Both I and II are not sufficient to answer
E Both I and II are necessary to answer Correct
Correct Answer: Option E

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