A sum of money earns Rs. 50 in simple interest. What's the total? I. The annual interest rate is 10%. II. In ten years, the money earned simple interest.
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 necessary to answer
Answer:D
A sum of money earns Rs. 50 in simple interest. What's the total? I. The annual interest rate is 10%. II. In ten years, the money earned simple interest.
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 necessary to answer
Explanation: S.I. = Rs. 50 is given.R = 10% p.a., according to I.T = ten years, according to II.100 x S.I./T X R= Rs. 100 x 50 / 10 X 10 = Rs. 50.As a result, the answer is given by combining I and II.