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Home ‣ Logical Reasoning ‣ Statement and Conclusion See What Others Are Saying!
  • Question

  • Study the question and all the three statements given and decide whether any information provided in the statements are redundand and can be dispensed with while answering the questions. Question : What is the rate of interest per year ? Statements : 1. The amount invested is Rs. 6000. 2. The amount becomes Rs. 6741.60 in 2 years at compound interest. 3. The difference between compound interest and simple interest in 2 years is Rs. 21.60.


  • Options
  • A. Only 3
  • B. Both 2 & 3
  • C. Any two of (1, 2 & 3)
  • D. None

  • Correct Answer
  • Any two of (1, 2 & 3) 

    Explanation

    Using Both 1 & 2 statements we get the rate of interest as in (1) we have given principle amount and in (2) compound interest for 2 years. By this data we get the rate%.

    Using Both 1 & 3 statements we can get the rate% as we have principle amount & difference between compound interest and simple interest in 2 years.

    Using Both 2 & 3 statements we get compound interest & simple interest by which we get principle amount. So that we can calculate %rate.

    Hence by using any two of the three statements(1,2&3) we get rate of interest.

    • Tags: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO

    More questions

    • 1. Statement: Many historians have done more harm than good by distorting truth.

      Assumptions:

      1. People believe what is reported by the historians.
      2. Historians are seldom expected to depict the truth.


    • Options
    • A. Only assumption I is implicit
    • B. Only assumption II is implicit
    • C. Either I or II is implicit
    • D. Neither I nor II is implicit
    • E. Both I and II are implicit
      • Discuss
    • 2. Look at this series: 58, 52, 46, 40, 34, ... What number should come next?

    • Options
    • A. 26
    • B. 28
    • C. 30
    • D. 32
      • Discuss
    • 3. Which word does NOT belong with the others?

    • Options
    • A. tape
    • B. twine
    • C. cord
    • D. yarn
      • Discuss
    • 4. Choose the picture that would go in the empty box so that the two bottom pictures are related in the same way as the top two:

    • Options
    • A. 1
    • B. 2
    • C. 3
    • D. 4
      • Discuss
    • 5. A Guarantee is a promise or assurance that attests to the quality of a product that is either (1) given in writing by the manufacturer or (2) given verbally by the person selling the product. Which situation below is the best example of a Guarantee?

    • Options
    • A. Melissa purchases a DVD player with the highest consumer ratings in its category.
    • B. The salesperson advises Curt to be sure that he buys an air conditioner with a guarantee.
    • C. The local auto body shop specializes in refurbishing and selling used cars.
    • D. Lori buys a used digital camera from her coworker who says that she will refund Lori's money if the camera's performance is not of the highest quality.
      • Discuss
    • 6. B2CD, _____, BCD4, B5CD, BC6D

    • Options
    • A. B2C2D
    • B. BC3D
    • C. B2C3D
    • D. BCD7
      • Discuss
    • 7. Statement: "You should not grant him leave in this week due to exigency of work." - A supervisor advises the administrative officer.

      Assumptions:

      1. Request for leave can be turned down also.
      2. The supervisor has reviewed the work required to be done during the said period.


    • Options
    • A. Only assumption I is implicit
    • B. Only assumption II is implicit
    • C. Either I or II is implicit
    • D. Neither I nor II is implicit
    • E. Both I and II are implicit
      • Discuss
    • 8. Statements: In a one day cricket match, the total runs made by a team were 200. Out of these 160 runs were made by spinners.

      Conclusions:

      1. 80% of the team consists of spinners.
      2. The opening batsmen were spinners.


    • Options
    • A. Only conclusion I follows
    • B. Only conclusion II follows
    • C. Either I or II follows
    • D. Neither I nor II follows
    • E. Both I and II follow
      • Discuss
    • 9. Statement: "This drink can be had either as it is, or after adding ice to it." - An advertisement.

      Assumptions:

      1. People differ in their preferences.
      2. Some people will get attracted to the drink as it can be had as it is.


    • Options
    • A. Only assumption I is implicit
    • B. Only assumption II is implicit
    • C. Either I or II is implicit
    • D. Neither I nor II is implicit
    • E. Both I and II are implicit
      • Discuss
    • 10. Statements: Some trains are roads. No road is jungle. All flowers are jungles.

      Conclusions:

      1. Some trains are flowers.
      2. Some trains are jungles.
      3. Some flowers are trains.
      4. No road is flower.


    • Options
    • A. None follows
    • B. Only II follows
    • C. Only III follows
    • D. Only IV follows
    • E. All follow
      • Discuss

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