Question
Quantitative Ability and Data Interpretation Question on SI & CI
Ram got Rs. 1,500 as dividend from a company. What is the rate of interest given by the company?
(I) The dividend paid last year was 10%.
(II) Ram has 350 shares of Rs. 10 denomination.
A
Statement I alone is sufficient to answer the question.
B
Statement II alone is sufficient to answer the question.
C
Both statements I and II together are necessary to answer the question.
D
Both statements I and II together are not sufficient to answer the question.
Answer
Statement II alone is sufficient to answer the question.
Explanation
Solution
The correct option is (B): Statement II alone is sufficient to answer the question..