Aptitude - Simple Interest - Discussion

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

Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.


1.

What is the principal sum?

I. 

The sum amounts to Rs. 690 in 3 years at S.I.

II. 

The sum amounts to Rs. 750 in 5 years at S.I.

 III. 

The rate of interest is 5% p.a.

I and III only
II and III only
I and II only
I and III only, or II and III only
Any two of the three
Answer: Option
Explanation:

Clearly, any two of the three will give us the answer.

Correct answer is (E).

Discussion:
31 comments Page 3 of 4.

Manju said:   1 decade ago
Help needed in understanding division of equations!

9e tej said:   1 decade ago
Somebody please explain.

Dass said:   1 decade ago
What is the basic formula for the sum?

Anandhi D said:   1 decade ago
I cannot understand Please explain the formula of this question and give me some easy way.

Srira said:   1 decade ago
Please explain the formula of this question and give me some easy way.

Sam said:   1 decade ago
Please explain how to get the answer from using only III?

Chaud said:   1 decade ago
P + P.3.r% = 690---(1).
P + P.5.r% = 750---(2).
Divide eqn 1 by 2 to get r and then p.

Please explain how to divide 1 by 2 to get r and then p?

Pooja said:   1 decade ago
Please explain how p+(p*5*5/100) get?

Akshaya said:   1 decade ago
Hi Abcd,

Using II & III

p+((p*5*5)/100)=750 .....(1)

Solving (1),we get p=600.

Similarly,we can do with I & III

Udit chauhan said:   1 decade ago
Excellent abcd!!


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