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What is rate p.c.p.a. on a amount of Rs....

What is rate p.c.p.a. on a amount of Rs. 6,000 deposited in a Bank ?
A. The simple interest for four years is Rs. 3600.
B. The difference between the simple interest and compound interest is Rs. 894.0375.

A

if the statement A alone is sufficient to answer the question, but the statement B alone is not sufficient.

B

if the statement B alone is sufficient to answer the question, the statement A alone is not sufficient.

C

if both statements A and B together are needed to answer the question.

D

if either the statement A alone or statement B alone is sufficient to answer the question

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The correct Answer is:
To determine the rate of interest per annum (p.c.p.a.) on an amount of Rs. 6,000 deposited in a bank, we will analyze the two statements provided. ### Step-by-Step Solution: 1. **Understanding the Problem**: We need to find the rate of interest (R) on a principal amount (P) of Rs. 6,000. We have two statements to evaluate. 2. **Using Statement A**: - Statement A states that the simple interest (SI) for four years is Rs. 3,600. - The formula for simple interest is: \[ SI = \frac{P \times R \times T}{100} \] - Here, \(P = 6000\), \(SI = 3600\), and \(T = 4\) years. - Plugging in the values: \[ 3600 = \frac{6000 \times R \times 4}{100} \] - Rearranging the equation to solve for R: \[ 3600 = \frac{24000R}{100} \] \[ 3600 = 240R \] \[ R = \frac{3600}{240} = 15 \] - Therefore, the rate of interest \(R\) is 15%. 3. **Using Statement B**: - Statement B states that the difference between the compound interest (CI) and simple interest (SI) is Rs. 894.0375. - We know from Statement A that \(SI = 3600\). - Therefore, we can express CI as: \[ CI - 3600 = 894.0375 \] \[ CI = 3600 + 894.0375 = 4494.0375 \] - To find the rate using this information, we would typically use the formula for compound interest, but we do not have enough information to isolate R without knowing the time period or compounding frequency. Thus, we cannot determine R from this statement alone. 4. **Conclusion**: - From Statement A, we were able to find the rate of interest as 15%. - From Statement B, we cannot find the rate of interest without additional information. ### Final Answer: - The answer is that **only Statement A is sufficient** to determine the rate of interest, while Statement B is not sufficient.

To determine the rate of interest per annum (p.c.p.a.) on an amount of Rs. 6,000 deposited in a bank, we will analyze the two statements provided. ### Step-by-Step Solution: 1. **Understanding the Problem**: We need to find the rate of interest (R) on a principal amount (P) of Rs. 6,000. We have two statements to evaluate. 2. **Using Statement A**: ...
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