Join ExamsbookAnswer : 4. "Data is not sufficient"
If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs.180. The sum is ?5
Q: If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs.180. The sum is ?
- 1Rs. 540false
- 2Rs. 415false
- 3Rs. 404false
- 4Data is not sufficienttrue
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Answer : 4. "Data is not sufficient"
Explanation :
Answer: D) Data is not sufficient Explanation: Let the sum be Rs. p, rate be R% p.a. and time be T years. Then, P×T×(R+2)100-P×T×R100=108 ⇒2PT= 10800 ...... (1) And, P×R×(T+2)100-P×R×T100=180 ⇒2PR = 18000 ......(2) Clearly, from (1) and (2), we cannot find the value of pSo, the data is not sufficient.