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Banking Quantitative Aptitude Sample Paper Quantitative Aptitude Sample Paper-15

  • question_answer
    Directions: In this one question and two statements numbered I and II are given. You have to decide whether the data given in both the statements 'are sufficient to answer the question or not. Read both the statements and give answer.                 
    [IBPS (SO) IT 2014]
    What is the rate of per cent per annum on an amount of Rs. 6000 deposited in a bank?
    I. The simple interest for 4 yr is Rs. 36000.
    II. The difference between the simple interest and compound interest is Rs. 894.0375.

    A) If the data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question

    B) 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

    C) If the data either in statement I alone or in statement II alone are sufficient to answer the question

    D) If the data in both statements I and II together are not sufficient to answer the question

    E) If the data in both the statements I and II together are necessary to answer the question

    Correct Answer: A

    Solution :

    Principal = Rs. 6000
    From the statement I,
    \[\therefore \] \[SI=Rs.\,3600\]\[\Rightarrow \]\[T=4\,yr\]
    \[\therefore \] \[\text{Rate}=\frac{\text{SI}\times 100}{\text{Principal }\!\!\times\!\!\text{ Time}}\] 
    will give the result.
    Statement II alone will give no result.


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