Question

1. The simple interest on a sum of money is Rs. 50. What is the sum?
I. The interest rate is 10% p.a.
II. The sum earned simple interest in 10 years

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 necessary to answer

Answer 1

Answer:

We know,

S.I. = P*R*T/100

50 = P*10*10/100

50 = P*100/100

P=50