Question
How much money did Gautam borrow? Statement I:
If borrowed for 8 years at 8% rate of interest per annum, he has to give triple interest as earlier. Statement II: If the rate of interest per annum increases from 8% to 10% then he could borrow 25% less to give same amount of interest. In each of the following questions, a question is followed by two or three statement. Read all the statements and find that which statements are required to answer the question and answer accordingly.Solution
From I: 3I = P × 8 × 8/100 From II: I = P × 8 × 1/100 and Also, I = 3P/4 × 8 × 1/100 So cannot be determined from any statement or both.
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