Banking Exams Exam  >  Banking Exams Questions  >   There are two statements numbered “I and II”... Start Learning for Free
There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.
Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?
Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.
Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.
  • a)
    The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.
  • b)
    The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.
  • c)
    The data either in statement I alone or in statement II alone is sufficient to answer the question.
  • d)
    The data given in both statements I and II together are not sufficient to answer the question.
  • e)
    The data in both statements I and II together are necessary to answer the question.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
There are two statements numbered “I and II” given below it. You have...
Statement I
Simple interest earned at the end of 2 years = 900 – 100 = Rs. 800
Simple interest in one year = 800/2 = Rs. 400
R = (100/400) × 100 = 25%
So, the data in statement I alone is sufficient to answer the question.
Statement II:
Total amount accumulated at the end of 2 years = x (1 + R/100)2 ____ (1)
Total amount accumulated at the end of 3 years = x (1 + R/100)3 ____ (2)
Dividing equation (2) by equation (1), we get;
So, (1 + R/100) = 5/4
R/100 = ¼
R = 25%
So, the data in statement II alone is sufficient to answer the question.
Therefore, the data either in statement I alone or in statement II alone is sufficient to answer the question.
Explore Courses for Banking Exams exam
There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer?
Question Description
There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer?.
Solutions for There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice There are two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. Ajith invested Rs. x in a scheme offering an interest of R% p.a. compounded annually. Find the value of R?Statement I: Compound interest earned at the end of 2 years is Rs. 900 while difference between simple interest and compound interest earned at the end of 2 years is Rs. 100.Statement II: Ratio of amount accumulated at the end of 2 years and 3 years is 4:5, respectively.a)The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.b)The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.c)The data either in statement I alone or in statement II alone is sufficient to answer the question.d)The data given in both statements I and II together are not sufficient to answer the question.e)The data in both statements I and II together are necessary to answer the question.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev