Give answer (1) 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 (2) 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 (3) if the data either in statement I alone or in statement II alone are sufficient to answer the question.
Give answer (4) if the data even in both the statements I and II together are not sufficient to answer the question.
Give answer (5) if the data in both the statements I and II together are necessary to answer the question.
What was the total compound interest on a sum after three years ?
I. The interest after one year was Rs. 100/- and the sum was Rs. 1,000/-.
II. The difference between simple and compound inter- est on a sum of Rs. 1,000/- at the end of two years was Rs. 10/-.
Correct Answer: (3)
Solution:From the statement I,r = 100 × 100/1000 = 10%
Thus we have,
P = Rs. 1000, r = 10%,
t = 3years
Hence, C.I. can be deter-
mined
From the statement II.
S.I. = 1000 x r x 2/100 = 20r

⇒ 2000r + r² - 200r = 100
⇒ r = 10
Hence, C.I. can be determined