Question

The question consists of two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Find the rate of interest (r). Statement I: A sum becomes four times its original value in 6 years when invested at r% per annum simple interest. Statement II: An investment of ₹2000 at r% per annum compound interest, compounded annually for 2 years, amounts to ₹4500.

Q: Answer-The question consists of two statements numbered “I and II” given below it. You have to decide wheth...

ATQ, Statement I Let the sum invested be Rs. P According to the question, P r 6100 4P P Or, r 50 So, data in statement I alone is sufficient to answer the question. Statement II 20001 r1002 4500 Or, 1 r100 94 Or, r 1002 50 So, data in statement II alone is sufficient to answer the question. So data either in statement I alone or in statement II alone are sufficient to answer the question

A The data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question.

B The data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.

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

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

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

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