Question

What is the principal? I. The simple interest

Q: Answer-What is the principal? I. The simple interest obtained on the principal after 2 years at 16% rate of...

From I, Given D 140.8 T 2 years and rate 16 there4 D PRsup2100sup2 140.8 P times 256100 times 100 there4 P 140.4 times 100 times 100256 Rs 55,000 From II, We cannot find the exact amount of principal. From III, CI 3660.8 T 2 years , rate 16 We can find the principal from this statement easily. Hence, either statement I or statement III is sufficient to answer the question.

obtained on the principal after 2 years at 16% rate of interest is Rs 140.8 less than the compound interest obtained on the same principal after 2 years at 16% per annum. II. The sum becomes double in 10 years at 6% per annum. III. The compound interest obtained on the principal is Rs 1,830.4 after 2 years at the rate of 8% compounded annually. In each of these questions, one question is given followed by by data in three statements I, II and III. You have to study the question and data in the statements and decide that the question can be answered with the data given in which of the statements and mark your answer accordingly.

A Only II

B Only III

C Either I or II

D Either I or III

E All of three

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What is the principal? I. The simple interest

Solution