SBI Junior Associate 2023 · Question 6 of 188

Bala invests Rs.2500 in simple interest at the rate of R% per annum for 4 years. Find the value of R. Statement I: Amir invests Rs.4000 in simple interest at the rate (R+15)% per annum for 2 years and the total amount received by Amir is Rs.6800. Statement II: The ratio of the total amount invested to the interest received by Bala is 5:4.

data-sufficiency

AA. The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.
BB. The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.
CC. The data either in statement I alone or in statement II alone is sufficient to answer the question.Correct
DD. The data given in both statements I and II together are not sufficient to answer the question.
EE. The data given in both statements I and II together are necessary to answer the question.

Answer: C. C. The data either in statement I alone or in statement II alone is sufficient to answer the question.

Explanation

From statement I: 4000 x (R+15) x 2/100 = 6800 - 4000; R + 15 = 35; R = 20. So Statement I alone is sufficient. From statement II: 2500 x R x 4/100 = 2500 x 4/5; R = 20. So Statement II alone is sufficient.

Source: SBI Clerk Mains Memory Based Paper 2023 - Quant (Guidely, via bhagyaachievers.com) · memory-based

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