Difficulty: Medium
Correct Answer: Both Statement A and Statement B are sufficient together
Explanation:
Introduction / Context:
This is a data sufficiency question in simple interest where we must determine the principal P. Under simple interest, SI = P * r * t / 100 and amount A = P + SI. Statement A provides SI for a given time, which creates only a relation between P and r. Statement B provides a “double in 6 years” condition, which determines the rate r but still does not give P alone. When we combine both, we can compute r from Statement B and then use Statement A to compute P. Therefore, both together are needed.
Given Data / Assumptions:
Concept / Approach:
“Double in 6 years” under SI means SI in 6 years equals principal P (since A = P + SI = 2P). That gives a direct equation to compute r. Then use SI from Statement A to compute P.
Step-by-Step Solution:
Statement A only:
9000 = P * r * 9 / 100
Gives only P*r = constant, so P is not unique. Not sufficient.
Statement B only:
A = 2P in 6 years => SI(6 years) = P
P * r * 6 / 100 = P => r = 100/6 = 16 2/3%
Rate is found, but P remains unknown. Not sufficient.
Using both together:
From B: r = 16 2/3% = 50/3%
From A: 9000 = P * (50/3) * 9 / 100
(50/3)*9 = 150
9000 = P * 150 / 100 = 1.5P
P = 9000 / 1.5 = 6000
Verification / Alternative check:
If P = 6000 and r = 16 2/3%, then SI for 9 years = 6000*(50/3)*9/100 = 9000, correct. For 6 years, SI = 6000, so A = 12000 = 2P, correct.
Why Other Options Are Wrong:
Only A is not enough because rate is unknown. Only B is not enough because principal is unknown. “Either alone” is false. “Neither” is false because together they uniquely determine P. Therefore, both together are required.
Common Pitfalls:
Misinterpreting “double” under SI, forgetting SI in 6 years equals P, or making arithmetic mistakes while handling 16 2/3% (50/3%).
Final Answer:
Both statements are sufficient together (principal comes out to ₹6,000).
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