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Arithmetic Ability
Simple Interest

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What is the rate of simple interest? I. The total interest earned was Rs. 4000. II. The sum was invested for 4 years.

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 answe

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Correct choice: D

Explanation:

Explanation: We know that, R = (100 x S.I) / (P x T) Now I gives, S.I = Rs. 4000. II gives, T = 4 years. But, P is unknown. So, we cannot find R. So, given data is insufficient to get R.

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Arithmetic Ability Simple Interest

Arithmetic Ability
Simple Interest