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Each question is followed by two statements, I and II. Mark the answer:
1. If the question can be answered by using one of the statements alone, but cannot be answered using the other statement alone.
2. If the question can be answered by using either statement alone.
3. If the question can be answered by using both statements together, but cannot be answered using either statement alone.
4. If the question cannot be answered even by using both statements together.
Anu opened a savings account with a constant annual interest by depositing Rs. 750. What was the annual rate of interest?
I. The bank does not charge for service and she made no transactions for the first 3 years.
II. Three years later her savings were Rs. 999.60.
1
2
3
4
- Statement I: The bank does not charge for service, and Anu made no transactions for the first 3 years.
- This tells us that her account balance was only affected by the interest, but it doesn't provide the interest rate or enough data to calculate it.
- Statement II: Three years later, her savings were Rs. 999.60.
- Combined with the initial deposit of Rs. 750, you can set up the equation to find the annual interest rate knowing the future value is Rs. 999.60.
- Using both Statements Together:
- Together, you know that only interest affected the growth from Rs. 750 to Rs. 999.60 over 3 years. Therefore, you can calculate the annual interest rate.
- Option 1: The question can’t be answered using either statement alone.
- Option 2: The question can’t be answered using either statement alone.
- Option 3: The question can be answered using both together but not either alone.
- Option 4: The question can be answered using the statements together.
By: Sandeep Dubey ProfileResourcesReport error
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