Simple Interest - Arithmetic Aptitude Questions and Answers

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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

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

Answer : Option E

Explanation :

Given : S.I. = Rs. 50.

I gives, R = 10% p.a.

II gives, T = 10 years.

Sum =		\(\left(\frac{100 S.I}{TR}\right)\)		= Rs.			\((\frac { 10050 } {1010 } )\)	= Rs. 50.