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Each of the questions given below consists of a statement and / or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the given question. Read the both statements and



  • Give answer (A) if 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.

  • Give answer (B) if 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.

  • Give answer (C) if the data either in Statement I or in Statement II alone are sufficient to answer the question.

  • Give answer (D) if the data even in both Statements I and II together are not sufficient to answer the question.

  • Give answer(E) if the data in both Statements I and II together are necessary to answer the question.




What is the rate of compound interest?

Options:
A .  I alone sufficient while II alone not sufficient to answer
B .  II alone sufficient while I alone not sufficient to answer
C .  Either I or II alone sufficient to answer
D .  Both I and II are not sufficient to answer
E .  Both I and II are necessary to answer
Answer: Option D

Let Principal = Rs. P and Rate = R% p.a. Then,



Amount = Rs.
What Is The Rate Of Compound Interest?
P
What Is The Rate Of Compound Interest?
1 +
R
What Is The Rate Of Compound Interest?
4
What Is The Rate Of Compound Interest?
100



What Is The Rate Of Compound Interest? C.I. =
P
What Is The Rate Of Compound Interest?
What Is The Rate Of Compound Interest?
1 +
R
What Is The Rate Of Compound Interest?
4
- 1
What Is The Rate Of Compound Interest?
100



What Is The Rate Of Compound Interest?
P
What Is The Rate Of Compound Interest?
What Is The Rate Of Compound Interest?
1 +
R
What Is The Rate Of Compound Interest?
4
- 1
What Is The Rate Of Compound Interest?
= 1491.
100


Clearly, it does not give the answer.


What Is The Rate Of Compound Interest? Correct answer is (D).


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