Mathematics · Data Sufficiency
The following question is accompanied by three statements (I), (II), and (III). Determine which statement(s) is/are sufficient to answer the question. Find the principal amount. Statement I: The compound interest obtained when a sum is invested at 25% rate for 2 years is Rs. 250 more than the simple interest obtained when the same amount is invested at a 5% rate for 1 year. Statement II: A sum gets two more than its triple when it is invested at 3.5% rate compounded annually. Statement III: The difference of amount on a sum invested at 8% rate compounded annually and semi-annually is Rs. 279.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The data in all the statements I, II and III together is not sufficient to answer the question.
- 2The data in statement I alone or in statement II alone is sufficient to answer the question, while the data in statement III alone is not sufficient.
- 3The data in statement II alone is sufficient to answer the question, while the data in statement I and III is not sufficient.
- 4The data in statement I alone is sufficient to answer the question, while the data in statement II and statement III alone are not sufficient.✓
Correct answer
The data in statement I alone is sufficient to answer the question, while the data in statement II and statement III alone are not sufficient.
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