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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. |
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Answer: Option E Explanation: Given: T = 3 years. I. gives: R = 8% p.a. II. gives: S.I. = ₹ 1200. Thus, P = ₹ 5000, R = 8% p.a. and T = 3 years. ∴ Difference between C.I. and S.I. may be obtained. So, the correct answer is (E). |
Each of the questions given below consists of a statement and / or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the given question. Read the both statements and
Give answer (A) if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.
Give answer (B) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
Give answer (C) if the data either in Statement I or in Statement II alone are sufficient to answer the question.
Give answer (D) if the data even in both Statements I and II together are not sufficient to answer the question.
Give answer(E) if the data in both Statements I and II together are necessary to answer the question.
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