# Aptitude - Compound Interest - Discussion

### Discussion :: Compound Interest - Data Sufficiency 1 (Q.No.2)

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.

2.

 What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. 200 was borrowed for 16 years at 6%.

 [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

Explanation:

 I. Amount = Rs. 200 x 1 + 6 16 100

 II. Amount = Rs. 200 x 1 + 6 16 100

Thus, I as well as II gives the answer. Correct answer is (C).

 Ratnesh said: (Jan 9, 2011) In the statement II the period is not given that is annually or half yearly.

 Sundar said: (Jan 31, 2011) 192/12 = 16. 192 months = 16 years. Both I and II are giving the same data. So I or II is enough to find the answer. The statement-II implicitly gives that the interest is compounded annually.

 Prateek said: (Jun 19, 2013) In the second one there is nothing mentioned about compounded annually semiannually or quarterly how can we answer.

 Shilpa said: (Aug 8, 2013) In the statement II, nothing is mentioned that we have to calculate compound amount annually or not, so data is not sufficient in II statement.

 Sreenu said: (Dec 12, 2013) There is no default condition that we need to take annual compounding when nothing mentioned. So, it is possible only by I not by II.

 Mohan said: (Jun 4, 2014) In some problems you put -1 and in some problems you don't in the end of formula why it is so.

 Dev said: (Sep 5, 2014) The second statement doesn't have no. terms. Only 1 is possible.

 Sam said: (Jun 19, 2015) In 2nd statement he didn't mentioned interest annually. So only 1 is correct.

 Suvo said: (Sep 10, 2016) Only 1 is the right option.

 Srajan said: (Mar 16, 2017) The second statement does not state that whether it is compounded annually or half-yearly.

 Abhishek said: (Jul 30, 2018) In the second case, it is not mentioned anywhere whether the rate of interest is compounded annually or not so we can't say anything answer-1.

 Rohan Singh said: (Sep 1, 2018) Can anybody explain the method for solving this?