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Direction: The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.A person borrowed some money at compound interest for 2 years. What will be the amount required to return after 2 years?Statements:I. The ratio of principal and the amount of simple interest of 2 years is 25 : 3.II. If the amount was borrowed at simple interest, then after 5 years Rs 720 was required to pay as simple interest.III. The rate of interest is 6% per annum.a)All the statements are required to answer the question.b)Any two statements are sufficient to answer the question.c)Either statement I or III and statement II are required to answer the question.d)Statement I and II together are sufficient to answer the question.e)Either statement I or II and statement III are required 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 Direction: The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.A person borrowed some money at compound interest for 2 years. What will be the amount required to return after 2 years?Statements:I. The ratio of principal and the amount of simple interest of 2 years is 25 : 3.II. If the amount was borrowed at simple interest, then after 5 years Rs 720 was required to pay as simple interest.III. The rate of interest is 6% per annum.a)All the statements are required to answer the question.b)Any two statements are sufficient to answer the question.c)Either statement I or III and statement II are required to answer the question.d)Statement I and II together are sufficient to answer the question.e)Either statement I or II and statement III are required 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 Direction: The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.A person borrowed some money at compound interest for 2 years. What will be the amount required to return after 2 years?Statements:I. The ratio of principal and the amount of simple interest of 2 years is 25 : 3.II. If the amount was borrowed at simple interest, then after 5 years Rs 720 was required to pay as simple interest.III. The rate of interest is 6% per annum.a)All the statements are required to answer the question.b)Any two statements are sufficient to answer the question.c)Either statement I or III and statement II are required to answer the question.d)Statement I and II together are sufficient to answer the question.e)Either statement I or II and statement III are required to answer the question.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Direction: The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.A person borrowed some money at compound interest for 2 years. What will be the amount required to return after 2 years?Statements:I. The ratio of principal and the amount of simple interest of 2 years is 25 : 3.II. If the amount was borrowed at simple interest, then after 5 years Rs 720 was required to pay as simple interest.III. The rate of interest is 6% per annum.a)All the statements are required to answer the question.b)Any two statements are sufficient to answer the question.c)Either statement I or III and statement II are required to answer the question.d)Statement I and II together are sufficient to answer the question.e)Either statement I or II and statement III are required 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 Direction: The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.A person borrowed some money at compound interest for 2 years. What will be the amount required to return after 2 years?Statements:I. The ratio of principal and the amount of simple interest of 2 years is 25 : 3.II. If the amount was borrowed at simple interest, then after 5 years Rs 720 was required to pay as simple interest.III. The rate of interest is 6% per annum.a)All the statements are required to answer the question.b)Any two statements are sufficient to answer the question.c)Either statement I or III and statement II are required to answer the question.d)Statement I and II together are sufficient to answer the question.e)Either statement I or II and statement III are required 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 Direction: The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.A person borrowed some money at compound interest for 2 years. What will be the amount required to return after 2 years?Statements:I. The ratio of principal and the amount of simple interest of 2 years is 25 : 3.II. If the amount was borrowed at simple interest, then after 5 years Rs 720 was required to pay as simple interest.III. The rate of interest is 6% per annum.a)All the statements are required to answer the question.b)Any two statements are sufficient to answer the question.c)Either statement I or III and statement II are required to answer the question.d)Statement I and II together are sufficient to answer the question.e)Either statement I or II and statement III are required to answer the question.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Direction: The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.A person borrowed some money at compound interest for 2 years. What will be the amount required to return after 2 years?Statements:I. The ratio of principal and the amount of simple interest of 2 years is 25 : 3.II. If the amount was borrowed at simple interest, then after 5 years Rs 720 was required to pay as simple interest.III. The rate of interest is 6% per annum.a)All the statements are required to answer the question.b)Any two statements are sufficient to answer the question.c)Either statement I or III and statement II are required to answer the question.d)Statement I and II together are sufficient to answer the question.e)Either statement I or II and statement III are required to answer the question.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Direction: The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.A person borrowed some money at compound interest for 2 years. What will be the amount required to return after 2 years?Statements:I. The ratio of principal and the amount of simple interest of 2 years is 25 : 3.II. If the amount was borrowed at simple interest, then after 5 years Rs 720 was required to pay as simple interest.III. The rate of interest is 6% per annum.a)All the statements are required to answer the question.b)Any two statements are sufficient to answer the question.c)Either statement I or III and statement II are required to answer the question.d)Statement I and II together are sufficient to answer the question.e)Either statement I or II and statement III are required 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 Direction: The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.A person borrowed some money at compound interest for 2 years. What will be the amount required to return after 2 years?Statements:I. The ratio of principal and the amount of simple interest of 2 years is 25 : 3.II. If the amount was borrowed at simple interest, then after 5 years Rs 720 was required to pay as simple interest.III. The rate of interest is 6% per annum.a)All the statements are required to answer the question.b)Any two statements are sufficient to answer the question.c)Either statement I or III and statement II are required to answer the question.d)Statement I and II together are sufficient to answer the question.e)Either statement I or II and statement III are required to answer the question.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.