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Direction: Each of the following questions is followed by two Statements.
Ram got ₹1500 as dividend from a company. What is the rate of interest given by the company?
I. The dividend paid last year was 103.
II. Ram has 350 shares of ₹10 denomination.
  • a)
    if Statement I alone is sufficient lo answer the question
  • b)
    if Statement II alone is sufficient to answer the question
  • c)
    if both Statements I and II together are necessary to answer the question
  • d)
    if either the Statement I alone or Statement II alone is sufficient to answer the question
  • e)
    if both Statements I and II together are not sufficient to answer the question
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Direction: Each of the following questions is followed by two Stateme...
Statement I teils only about tire previous year's rate.
Statement II
Dividend from 350 shares = ₹1500
Divided from 1 shares = 150/35 = 30/7 = 4.28
So, the rate of interest can be found out as
⇒ R = 42.8 π
Therefore, Statement II alone is sufficient.
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Most Upvoted Answer
Direction: Each of the following questions is followed by two Stateme...
Explanation:
To find out the rate of interest given by the company, we need to know the total amount invested by Ram in the company. We can find out the total amount invested by Ram in the company using Statement II alone.

Statement I alone is not sufficient to answer the question, as it only gives us the dividend paid last year, but we don't know the total amount invested by Ram in the company.

Therefore, the correct answer is option B.
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Direction: Each of the following questions is followed by two Statements.Ram got ₹1500 as dividend from a company. What is the rate of interest given by the company?I. The dividend paid last year was 103.II. Ram has 350 shares of ₹10 denomination.a)if Statement I alone is sufficient lo answer the questionb)if Statement II alone is sufficient to answer the questionc)if both Statements I and II together are necessary to answer the questiond)if either the Statement I alone or Statement II alone is sufficient to answer the questione)if both Statements I and II together are not sufficient to answer the questionCorrect answer is option 'B'. Can you explain this answer?
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Direction: Each of the following questions is followed by two Statements.Ram got ₹1500 as dividend from a company. What is the rate of interest given by the company?I. The dividend paid last year was 103.II. Ram has 350 shares of ₹10 denomination.a)if Statement I alone is sufficient lo answer the questionb)if Statement II alone is sufficient to answer the questionc)if both Statements I and II together are necessary to answer the questiond)if either the Statement I alone or Statement II alone is sufficient to answer the questione)if both Statements I and II together are not sufficient to answer the questionCorrect answer is option 'B'. Can you explain this answer? for JEE 2024 is part of JEE preparation. The Question and answers have been prepared according to the JEE exam syllabus. Information about Direction: Each of the following questions is followed by two Statements.Ram got ₹1500 as dividend from a company. What is the rate of interest given by the company?I. The dividend paid last year was 103.II. Ram has 350 shares of ₹10 denomination.a)if Statement I alone is sufficient lo answer the questionb)if Statement II alone is sufficient to answer the questionc)if both Statements I and II together are necessary to answer the questiond)if either the Statement I alone or Statement II alone is sufficient to answer the questione)if both Statements I and II together are not sufficient to answer the questionCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for JEE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Each of the following questions is followed by two Statements.Ram got ₹1500 as dividend from a company. What is the rate of interest given by the company?I. The dividend paid last year was 103.II. Ram has 350 shares of ₹10 denomination.a)if Statement I alone is sufficient lo answer the questionb)if Statement II alone is sufficient to answer the questionc)if both Statements I and II together are necessary to answer the questiond)if either the Statement I alone or Statement II alone is sufficient to answer the questione)if both Statements I and II together are not sufficient to answer the questionCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Direction: Each of the following questions is followed by two Statements.Ram got ₹1500 as dividend from a company. What is the rate of interest given by the company?I. The dividend paid last year was 103.II. Ram has 350 shares of ₹10 denomination.a)if Statement I alone is sufficient lo answer the questionb)if Statement II alone is sufficient to answer the questionc)if both Statements I and II together are necessary to answer the questiond)if either the Statement I alone or Statement II alone is sufficient to answer the questione)if both Statements I and II together are not sufficient to answer the questionCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for JEE. Download more important topics, notes, lectures and mock test series for JEE Exam by signing up for free.
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