Question

Directions: The following question is accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the questions.

How much did Rohit borrowed?

I) Rohit borrowed a sum at 10% per annum simple interest from Rakesh. He returns the amount after 5 years.

II) Rakesh return 5% of the total amount received if he received Rs. 240. 

1. The statement I alone is sufficient to answer the question, but the statement II alone is not sufficient. 
2. Both the statements I and II together are needed to answer the question. 
3. The statement II alone is sufficient to answer the question, but the statement I alone is not sufficient.
4. Either statement I alone or statement II alone is sufficient to answer the question. 
5. Neither statement I nor statement II is sufficient to answer the question.

Answer 1

Correct Answer - Option 2 : Both the statements I and II together are needed to answer the question. 

Formula used:

Simple Interest = (P × R × T)/100

Where, P = Principal

R = Rate of interest per annum

T = Time

Statement (I):

Simple interest = 10%

Time = 5 years

∴ The statement (I) alone is not sufficient to answer the question.

Statement (II):

Rakesh return 5% of the total amount

Return amount he received Rs. 240.

5% of total amount = Rs. 240 

∴ The statement (I) alone is not sufficient to answer the question.

∴ Both the statements I and II together are needed to answer the question.