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.

A If the data in statement I alone is sufficient to answer the question.

B If the data in statement II alone is sufficient to answer the question.

C If the data either in statement I alone or statement II alone are sufficient to answer the question.

D If the data given in both I and II together are not sufficient to answer the question.

E If the data in both the statements I and II together are necessary to answer the question.

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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.

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