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Question

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.

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. 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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