Which information given below is sufficient to know amount if difference between C.I. & S.I. for

English

Gujarati

Hindi

6.Interest

medium

Which information given below is sufficient to know the amount if the difference between the $C.I. \& S.I.$ for $2$ years is $18$?

($I$) The rate is same at which an amount of $Rs. 1000$ become $1120$ for $2$ years in $S.I.$

($II$) The principal given is $Rs. 2000$.

A

Only $I$

B

Only $II$

C

Either $I$ or $II$

D

Both $I$ and $II$ together

Solution

We can solve this question using both information together.

Because, in statement I, we can find rate of interest and in statement II, we know the Principal.

Standard 13

Quantitative Aptitude

Share

Similar Questions

Suneeta borrowed certain sum from Reena for $2 \,yr$ at simple interest. Suneeta lent this sum to Venu at the same rate for $2 \,yr$ at compound interest. At the end of $2 \,yr$, she received $Rs. 110$ as compound interest but paid $Rs. 100$ as simple interest. Find the sum and the rate of interest?

medium

Mr. Dua invested money in two schemes $A$ and $B$ offering compound interest at $8 \%$ per annum and $9 \%$ per annum respectively. If the total amount of ineterest accrued through two schemes together in two years was ₹ $4818.30$ and the total amount invested was ₹ $27000$ . What was the amount (In ₹) invested in scheme $A$.

hard

In how many $years$ will a sum of ₹ $800$ at $10 \%$ per annum compounded semi-annually become ₹ $926.10$?

hard

A certain sum at compound interest amounts in two years to ₹ $2809$ and in three years to ₹ $2977.54 .$ Find the rate of interest and the original sum (In ₹).

medium

What would would be the $C.I.$ obtained on an amount of $Rs. 4800$ at the rate of $5$ $p.c.p.a$ for $3$ years (In $Rs.$)?

medium