Which of statement given below are sufficient to answer following question. rate of interest p.c.p.a

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6.Interest

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Which of the statement given below are sufficient to answer the following question.

What is the rate of interest $p.c.p.a.$ on the amount of $Rs. 15000$ taking loan?

($I$) The difference between $C.I. \& S.I.$ is $Rs. 170$

($II$) The $S.I.$ of $2$ years is $Rs. 2500$

A

only $I$

B

only $II$

C

Either $I$ or $II$

D

Neither $I$ or $II$

Solution

This question can be solved either using statement (1) or (2) In statement (1), it is simple formula of difference

$=\frac{P R^{2}}{(100)^{2}}$

In statement (2), it is simple formula of SI

Standard 13

Quantitative Aptitude

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