Q:
1. The simple interest on a sum of money is Rs. 50. What is the sum?
I. The interest rate is 10% p.a.
II. The sum earned simple interest in 10 years
Answer & Explanation
Answer: D) Both I and II are necessary to answer
Explanation:
Given : S.I. = Rs. 50.
I gives, R = 10% p.a.
II gives, T = 10 years.
Sum = (100 x S.I)/(t x r ) = Rs.(100 x 50)/(10 x 10) = Rs.50
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