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For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:
Find the rate of interest?
Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.
Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.
  • a)
    Statement I is alone sufficient to answer the question.
  • b)
    Statement II is alone sufficient to answer the question.
  • c)
    Either Statement I or statement II is sufficient to answer the question.
  • d)
    Neither Statement I nor statement II is sufficient to answer the question.
  • e)
    Both Statements I and II are necessary to answer the question.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
For each of the following questions statements I and II are given. Us...
From Statement I, Principal is not given. So, statement I alone is not sufficient to answer the question.
From Statement II, Time period is not given. So, Statement II alone is not sufficient to answer the question.
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For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. Can you explain this answer?
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For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. 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 For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. 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 For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. Can you explain this answer?.
Solutions for For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. 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 For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:Find the rate of interest?Statement I: The difference between the simple interest and compound interest for 2 years is Rs.900.Statement II: The simple interest accrued on the amount Rs.4000 is Rs.900.a)Statement I is alone sufficient to answer the question.b)Statement II is alone sufficient to answer the question.c)Either Statement I or statement II is sufficient to answer the question.d)Neither Statement I nor statement II is sufficient to answer the question.e)Both Statements I and II are necessary to answer the question.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
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