Aptitude - Simple Interest - Discussion

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.

4. 

What is the rate of simple interest?

I. 

The total interest earned was Rs. 4000.

 II. 

The sum was invested for 4 years.

[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

Answer: Option D

Explanation:

We know that, R = 100 x S.I.
P x T

Now, I gives, S.I. = Rs. 4000.

II gives, T = 4 years.

But, P is unknown. So, we cannot find R.

So, given data is insufficient to get R.

Correct answer is (D).


Vikrameet said: (May 1, 2014)  
Why it is not assumed that the principal value is 100 like a previous question?

Sameth said: (Jun 4, 2014)  
What is Rs stand for?

Divya said: (Jul 29, 2020)  
R for rate of interest.

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