The following question has three statements. Study the question and the statements and decide which of the statement (s) is/are necessary to answer the question. The number of years in which a sum of money would triple itself @ simple interest. I) Rate of interest is 10% II) The sum of money invested is 10000 III) It doubles itself is 10 years?

Only I
Only II
Only III
Either 1 or 2
Either 1 or 3

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 5 : Either 1 or 3

Considering Statement I,

Rate of interest is 10%

It means that in 10 years interest received will be equal to principal invested.

It means that sum of money will double itself in 10 years

It will triple itself in 20 years

Hence, this statement is sufficient to answer the question

Considering Statement II,

Principal is 10000

Nothing can be determined from it

Hence, this statement is not sufficient to answer the question

Considering Statement III,

Sum of money will double itself in 10 years

It means that it will triple itself in 20 years

Hence, this statement is sufficient to answer the question

∴ I or III alone is enough to answer the question

4 views Answered 2022-09-04 04:29

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