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%. |
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 2 of 2.
Abhishek said:
7 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.
Rohan Singh said:
7 years ago
Can anybody explain the method for solving this?
BHAJAN LAL said:
2 years 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.
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers