Data Sufficiency Question 19
Directions: Each of the following questions consists of a question followed by three statements I, II and III. You have to study the question and the statements and decide which of the statement (s) is/are necessary to answer the question.
(IBPS Bank PO/MT
CWE-III 26.10.2013
- Sri Gupta borrowed a sum at compound interest. What is the amount returned in 2 years?
I. The rate of interest is $5 %$ per annum.
II. The simple interest incurred on the sum in 1 year is ₹ 600 .
III. The borrowed sum is ten times the amount earned as simple interest in two years.
$\begin{array}{ll}\text { (1) Only I } & \text { \textit{am}} (2) Only III }\end{array}$
(3) Both II and III
(4) Either I or II
(5) All I, II, and III
Show Answer
Correct Answer: 19. (3)
Solution: 19. (3) From statements II and III, SI for two years $=₹ 1200$
Principal $=10 \times 1200$
$=₹ 12000$
Thus we can find C.I. and the amount.
BETA
