Question:

The question is followed by three statements. You have to study the question and all the three statements given and decide whether any information provided in the statements) is redundant and can be dispensed with while answering the questions.
A person deposited two sums with a moneylender at 5% simple interest for 2 years and 3 years respectively. Find the two sums.
A. The two sums are equal.
B. Difference between the interests is Rs.250.
C. Had the sums been deposited at 5% compound interest, the difference would have been Rs.275.60.

Updated On: Oct 12, 2024
  • A and either B or C
  • Only A
  • Only B
  • Any one of them
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The Correct Option is A

Solution and Explanation

From this, A alone can give the result only if either B or C is true, because both these conditions seem to account for different interest accumulations, and if one combined with A will allow us to find the two sums.
The correct option is (A): A and either B or C
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