Directions: Each of the questions given below consists of a question and 2 statements numbered I and II. You have to decide whether the data is sufficient to answer the question. Read both Statements carefully and then answer the questions.
How much amount Rajesh will get at the end of two years if the rate of interest is compounded annually?
Statement I. Rahul invests the same amount of money under simple interest at the rate of 10% per annum and receives a total amount of Rs.3120 at the end of 3 years.
Statement II. The difference between the simple interest and compound interest on the same sum of money at the same rate of interest at the end of 2 years is Rs. 24.

Question

Examsnet · Accepted Answer

Correct Answer is : The data in both statements I and II together are necessary to answer the question.

IBPS PO Prelims 20 Oct 2024 Shift 2 Paper