Question
Quantitative Ability and Data Interpretation Question on SI & CI
Given questions below is followed by three statements. Study the questions and statements, identify which option is necessary to answer the question.
What is the principal sum ?
I. The interest amount after 30 months is half the interest amount after five years.
II. The sum amounts to rs 750 in a five years at simple interest rate.
III. The rate of interest is 8% p.a.
A
One and three only.
B
Two and three only.
C
One and two only
D
One and three only or two and three only
Answer
Two and three only.
Explanation
Solution
The correct option is (B) : Two and three only.