MCQOPTIONS
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MCQOPTIONS
| 1. |
An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate? I. The rate of interest was 8 p.c.p.a. II. The total amount of simple interest was Rs. 1200. |
| 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 |
| Answer» F. | |