Question
Three statements are given followed by three conclusions numbered I, II, and III assuming the statements to be true, even if they seem to be at variance with commonly known facts. Decide which of conclusion logically follow(s) from the statement. Statements: All profit is loss Some loss is loan No loan is interest Conclusions:
I. Some profit is loan
II. No interest is profit
III. Some loss is not interest
Solution
All profit is loss (A) + Some loss is loan (I) → No conclusion. Hence neither conclusion nor II follow. Some loss is loan (I) + No loan is interest (E) → Some loss is not interest (O). Hence conclusion III follows.
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