Statement: An amount of money was lent for 3yrs. What will be the difference between the simple and the CI earned on it at the same rate?
Conclusion:
1) The rate of interest was 8 p.c.p.a.
2) The total amount of simple interest was Rs. 1200	Pick
A) I alone sufficient while II alone not sufficient to answer	B) II alone sufficient while I alone not sufficient to answer	C) Either I or II alone sufficient to answer	D) Both I and II are not sufficient to answer	E) Both I and II are necessary to answer
Given: T = 3 years.   I. gives: R = 8% p.a.   II. gives: S.I. = Rs. 1200.   Thus, P = Rs. 5000, R = 8% p.a. and T = 3 years.   Difference between C.I. and S.I. may be obtained.   So, the correct answer is (Both I and II are necessary to answer).
<result>E</result>
Statement: An amount of money was lent for 3yrs. What will be the difference between the simple and the CI earned on it at the same rate?
Conclusion:
1) The rate of interest was 8 p.c.p.a.
2) The total amount of simple interest was Rs. 1200