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What will be the amount of the end of 2 years, if the interest is compounded yearly. I. The simple interest on the same sum for a period of 2 year is Rs.400 at the same rate of `5%` per annum. II. The difference between the simple interest and the compound interest for 2 years at the rate of `5%` per annum is Rs.100.A. if the data in statement I alone are sufficient to answer the questin, while the data in statement II alone are not sufficient to answer the question.B. if the data in statement II alon are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.C. if the data either in statement I alone or in statement II alone in sufficient to answer the question.D. if the data given in both the statement I and II together are not suffesient to answer the questin, and |
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Answer» Correct Answer - C From statement I, `P=(S.I.xx100)/(RxxT)=(400xx100)/(5xx2)=Rs.4000` Using, `A+P(1+(R)/(100))^(T),` amount can be determined. From statement II, Difference `=(PR^(2))/((100)^(2))` We can find principal and hence amount. Data either in statement I alone or in statement II alone are sufficient to answer the question. |
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