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      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.
      A If the data in statement I alone is sufficient to answer the question. Correct Answer Incorrect Answer
      B If the data in statement II alone is sufficient to answer the question. Correct Answer Incorrect Answer
      C If the data either in statement I alone or statement II alone are sufficient to answer the question. Correct Answer Incorrect Answer
      D If the data given in both I and II together are not sufficient to answer the question. Correct Answer Incorrect Answer
      E If the data in both the statements I and II together are necessary to answer the question. Correct Answer Incorrect Answer

      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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