Which of the statements given below are sufficient to answer the following question?
What is the rate of interest $p.c.p.a.$ on the amount of $Rs. 15000$ taken as a loan?
$(I)$ The difference between $C.I.$ and $S.I.$ for $2$ years is $Rs. 170$.
$(II)$ The $S.I.$ for $2$ years is $Rs. 2500$.

  • A
    Only $I$
  • B
    Only $II$
  • C
    Either $I$ or $II$
  • D
    Neither $I$ nor $II$

Explore More

Similar Questions

The difference between the compound and simple interest on a sum of money for $2$ years at $6 \frac{1}{4} \%$ per annum is $Rs. 10$. The sum (in $Rs.$) is

$A$ bank offers $5 \%$ compound interest calculated on a half-yearly basis. $A$ customer deposits $Rs. 1600$ each on $1^{st}$ January and $1^{st}$ July of a year. At the end of the year,the amount (in $Rs.$) he would have gained by way of interest is:

The difference between simple interest and compound interest compounded annually on a certain sum of money for $2$ years at $4 \%$ per annum is ₹ $1$. The sum (in ₹) is

Raghu invested a certain sum in Scheme $X$ for $4$ years. Scheme $X$ offers simple interest at $12\%$ per annum for the first two years and compound interest (compounded annually) at $20\%$ per annum for the next two years. The total interest earned by him after $4$ years is $₹ 11016$. What was the sum (in $₹$) invested by Raghu in Scheme $X$?

What is the rate of interest (in $\%$) if simple interest earned on a certain sum for the $3^{rd}$ year is $₹ 2,000$ and compound interest earned in $2$ years is $₹ 4,160$?

Vedclass Products

For Students

Vedclass Test Series

Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.

Start Free Trial
For Teachers

Exam Paper Generator

Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.

Try Free
For Institutes

Online Exam Module

Live online exams with unlimited students, 360° analytics & white-label branding.

See Demo