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Home Aptitude Simple Interest See What Others Are Saying!
  • Question
  • What is the sum which earned interest? I. The total simple interest was Rs. 7000 after 7 years. II. The total of sum and simple interest was double of the sum after 5 years.


  • Options
  • A. I alone sufficient while II alone not sufficient to answer
  • B. II alone sufficient while I alone not sufficient to answer
  • C. Either I or II alone sufficient to answer
  • D. Both I and II are necessary to answer

  • Correct Answer
  • Both I and II are necessary to answer 

    Explanation

    Let the sum be Rs. x.

    I  gives, S.I. = Rs. 7000 and T = 7 years.

    II gives, Sum + S.I. for 5 years = 2 x Sum Sum = S.I. for 5 years.

    Now, S.I. for 7 years = Rs. 7000.

    therefore, S.I. for 1 year =  Rs. 1000.

    Thus, I and II both are needed to get the answer.

  • Tags: GRE, Bank PO

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