Question 95

Consider the following question and decide which of the statements is sufficient to answer the question.
The simple interest on a sum of money is ₹ 100. What is the sum?
Statements:
I. The interest rate is 20% per annum.
II. The sum earned simple interest in 5 years.

Solution

We can solve this question by statement ,

we have to find sum , as we know that sum =$$\ \frac{\ p\times\ r\times\ t}{100}$$ +p

thats why we need both the statement to solve the question

hence option 'A' is correct

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