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The following questions are accompanied ...

The following questions are accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/ necessary to answer the questions.
Find value of R.
I. Sameer invested Rs.5000 each at R% p.a. SI and R% p.a. Ci respectively for 2 years. Total compound interest received is Rs. 112.5 more than total simple interest received by him,
II. Anurag invested Rs.X at R% p.a. at SI for 2 years and Rs.4000 at (R+5)% p.a. at SI for 3 years. Total interest received by him is Rs.4200.

A

Statement (I) alone is sufficient to answer the question but statement (II) alone is not sufficient to answer the question

B

Statement (II) alone is sufficient to answer the question but statement (I) alone is not sufficient to answer the question.

C

Both the statements taken together are necessary to answer the question, but neither of the statements alone is sufficient to answer the question.

D

Either statement (I) or statement (II) by itself is sufficient to answer the question.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to analyze the two statements provided and determine if they are sufficient to find the value of R. ### Step-by-Step Solution: **Step 1: Analyze Statement I** Statement I states: "Sameer invested Rs.5000 each at R% p.a. SI and R% p.a. CI respectively for 2 years. Total compound interest received is Rs. 112.5 more than total simple interest received by him." 1. **Calculate Simple Interest (SI):** - Formula for Simple Interest: \[ SI = \frac{P \times R \times T}{100} \] - Here, \( P = 5000 \), \( R = R \), and \( T = 2 \). - Thus, \[ SI = \frac{5000 \times R \times 2}{100} = 100R \] 2. **Calculate Compound Interest (CI):** - Formula for Compound Interest: \[ CI = P \left(1 + \frac{R}{100}\right)^T - P \] - Here, substituting the values: \[ CI = 5000 \left(1 + \frac{R}{100}\right)^2 - 5000 \] 3. **Set up the equation based on the information given:** - According to the statement, \[ CI = SI + 112.5 \] - Therefore, we have: \[ 5000 \left(1 + \frac{R}{100}\right)^2 - 5000 = 100R + 112.5 \] - This equation can be solved for R. **Conclusion for Statement I:** Statement I is sufficient to find the value of R. --- **Step 2: Analyze Statement II** Statement II states: "Anurag invested Rs.X at R% p.a. at SI for 2 years and Rs.4000 at (R+5)% p.a. at SI for 3 years. Total interest received by him is Rs.4200." 1. **Calculate Simple Interest for Anurag's investments:** - For the first investment: \[ SI_1 = \frac{X \times R \times 2}{100} = \frac{2XR}{100} \] - For the second investment: \[ SI_2 = \frac{4000 \times (R + 5) \times 3}{100} = \frac{12000(R + 5)}{100} = 120R + 600 \] 2. **Set up the equation based on the information given:** - The total interest received is: \[ SI_1 + SI_2 = 4200 \] - Therefore, we have: \[ \frac{2XR}{100} + (120R + 600) = 4200 \] - Rearranging gives: \[ 2XR + 12000R + 60000 = 420000 \] - This equation has two variables (X and R), making it impossible to solve for R alone. **Conclusion for Statement II:** Statement II is not sufficient to find the value of R. --- ### Final Conclusion: - Statement I is sufficient to answer the question. - Statement II is not sufficient to answer the question. Thus, the answer is that **Statement I alone is sufficient** to answer the question.
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