Direction: Each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and Read both the statements and give answer
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What will be the compound interest after 3 years?
I. Rate of interest is 5 percent.
II. The difference between the total simple interest and the total compound interest after two years is $ 20.
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- If the data in statement I alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
- If the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
- If the data either in statement I alone or in statement II alone are sufficient to answer the question.
- If the data even in both statements I and II together are not sufficient to answer the question.
- None of these
- If the data in statement I alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
Correct Option: E
As per the given all details in above question ,
From statement I , R = 5%
From statement II , (CI − SI) for two years = $ 20
Combining I and II and using
| Sum = | Diff x 100 x 100 | = | 20 x 100 x 100 | = $ 8000 |
| Rate x Rate | 25 |
So , CI = 8000 1 + | 5 |  | 3 | - 8000 = $ 1261 |
| 100 |
Hence , option E is correct answer .
