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.
|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?|
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