# Aptitude - Compound Interest - Discussion

Discussion Forum : Compound Interest - Data Sufficiency 1 (Q.No. 2)
Directions to Solve

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%.
I alone sufficient while II alone not sufficient to answer
II alone sufficient while I alone not sufficient to answer
Either I or II alone sufficient to answer
Both I and II are not sufficient to answer
Both I and II are necessary to answer
Answer: Option
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).

Discussion:
13 comments Page 1 of 2.

BHAJAN LAL said:   4 months ago
In the second case, it is not mentioned anywhere whether the rate of interest is compounded annually or not. So how the answer be -1? Please explain.

Rohan Singh said:   5 years ago
Can anybody explain the method for solving this?

Abhishek said:   5 years ago
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.

Srajan said:   7 years ago
The second statement does not state that whether it is compounded annually or half-yearly.

Suvo said:   7 years ago
Only 1 is the right option.

Sam said:   8 years ago
In 2nd statement he didn't mentioned interest annually. So only 1 is correct.

Dev said:   9 years ago
The second statement doesn't have no. terms.

Only 1 is possible.

Mohan said:   10 years ago
In some problems you put -1 and in some problems you don't in the end of formula why it is so.

Sreenu said:   10 years ago
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.

Shilpa said:   1 decade ago
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.

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