Difficulty: Medium
Correct Answer: Only I and II
Explanation:
Introduction / Context:
We must determine which statements allow us to compute the total compound interest (CI) after 3 years.
Given Data / Assumptions:
Concept / Approach:
Two different sufficient routes exist: (A) Use I + II to find principal, then compute CI directly; (B) Use I + III to add the known excess to SI. Either pair I&II or I&III suffices. Since options do not list a combined alternative, we select one of the sufficient pairs and justify both in the explanation.
Step-by-Step Solution (Route A — I + II):
Alternative Check (Route B — I + III):
Why Other Options Are Wrong:
Common Pitfalls:
Mistaking SI and CI formulas; overlooking that CI − SI for 3 years is independent data that, with SI, gives CI immediately.
Final Answer:
Only I and II (Note: Only I and III would also be a sufficient pair.)
Discussion & Comments