Question

An amount of money was lent for $3$ years. What will be the difference between the simple and the compound interest earned on it at the same rate?
I. The rate of interest was $8$ p.c.p.a.
II. The total amount of simple interest was $Rs.1200$.

• 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 not sufficient to answer
• E. Both I and II are necessary to answer

Answer 1

Answer: (E)

Both I and II are necessary to answer

Given: T=3 years Difference between C.I. and S.I. may be obtained.
So, the correct answer is (E).