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What is the value of rate of interest ? A. janvi invested a sum of Rs. 8000 at simple interest for 3 years in scheme A of people choice bank which offers a certain rate of interest. Amount obtained from scheme A is equal to the amount obtained when Rs. 9000 is invested in scheme B for 2 years at C. I. B. Rate of interest for scheme B is same as rate of interest for scheme A.A. Statement A alone is sufficient to answer the question but statement B alone is not sufficient to answer the questions.B. Statement B alone is sufficient to answer the question but statement A alone is not sufficient to answer the question.C. Both the statements taken together are necessary to answer the questions, but neither of the statements alone is sufficient to answer the question.D. Either stetement A or stetement B by itself is sufficient to answer the question. |
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Answer» Let rate of interest for both scheme be `R%` So, A mount after 3 years `=8000+(8000xx3R)/(100)` `=8000(1+(3R)/(100))=80(100+3R)` and ` 80(100+3R)=9000(1+®/(100))^(2)` Both the statement s taken together are necfessary to answer the questions |
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