Data Sufficiency - Quant/Math - CAT 2008
Question 4 the day:
June 20, 2002
In this question, there is a question statement which is followed by two statements. You have to decide whether the information provided in the two statements is sufficient for answering the question.
- Mark 1
- If the question can be answered by using one of the statements alone, but cannot be answered by using the other statement alone.
- Mark 2
- If the question can be answered by using either statement alone.
- Mark 3
- If the question can be answered by using both statements together, but cannot be answered by using either statement alone.
- Mark 4
- If the question cannot be answered even by using both the statements together.
- Question
- Raj invested some amount in ICICI bonds and put Mohan as the nominee. After the sudden death of Raj, Mohan got Rs. 31775 from the bonds. How much did Raj invest in the bonds?
(A) Raj died exactly 7 years from the date of his investment.
(B) The rate of interest is 15% p.a.
Correct Answer - (4)
Solution:
Statement A:
We can't conclusively state the invested amount without knowing the rate of interest. So statement A alone is not sufficient.
Statement B:
Without knowing the period of investment and method of interest (i.e. Simple or Compound Interest) we can't calculate the invested amount. So statement B alone is not sufficient.
Statement A and Statement B together:
Even after using the information provided in the statements A and B together we can't calculate the invested amount without knowing the method of interest (i.e. Simple or Compound Interest). Therefore, the answer choice is (4).
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