Directions: The following question is accompanied by two statements (

1.	Directions: The following question is accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the questions.How much did Rohit borrowed?I) Rohit borrowed a sum at 10% per annum simple interest from Rakesh. He returns the amount after 5 years.II) Rakesh return 5% of the total amount received if he received Rs. 240. 1. The statement I alone is sufficient to answer the question, but the statement II alone is not sufficient. 2. Both the statements I and II together are needed to answer the question. 3. The statement II alone is sufficient to answer the question, but the statement I alone is not sufficient.4. Either statement I alone or statement II alone is sufficient to answer the question. 5. Neither statement I nor statement II is sufficient to answer the question.
Answer» Correct Answer - Option 2 : Both the statements I and II together are needed to answer the question. Formula used: Simple Interest = (P × R × T)/100 Where, P = Principal R = Rate of interest per annum T = Time Statement (I): Simple interest = 10% Time = 5 years ∴ The statement (I) alone is not sufficient to answer the question. Statement (II): Rakesh return 5% of the total amount Return amount he received Rs. 240. 5% of total amount = Rs. 240 ∴ The statement (I) alone is not sufficient to answer the question. ∴ Both the statements I and II together are needed to answer the question.

Directions: The following question is accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the questions.How much did Rohit borrowed?I) Rohit borrowed a sum at 10% per annum simple interest from Rakesh. He returns the amount after 5 years.II) Rakesh return 5% of the total amount received if he received Rs. 240. 1. The statement I alone is sufficient to answer the question, but the statement II alone is not sufficient. 2. Both the statements I and II together are needed to answer the question. 3. The statement II alone is sufficient to answer the question, but the statement I alone is not sufficient.4. Either statement I alone or statement II alone is sufficient to answer the question. 5. Neither statement I nor statement II is sufficient to answer the question.

Answer» Correct Answer - Option 2 : Both the statements I and II together are needed to answer the question.

Formula used:

Simple Interest = (P × R × T)/100

Where, P = Principal

R = Rate of interest per annum

T = Time

Statement (I):

Simple interest = 10%

Time = 5 years

∴ The statement (I) alone is not sufficient to answer the question.

Statement (II):

Rakesh return 5% of the total amount

Return amount he received Rs. 240.

5% of total amount = Rs. 240

∴ The statement (I) alone is not sufficient to answer the question.

∴ Both the statements I and II together are needed to answer the question.