CAT 1996 | Question: 184

Question

What is the total worth of X’s assets?

1. Compound interest at $10\%$ on his assets, followed by a tax of $4\%$ on the interest, fetches him $\text{Rs.} 15000$ this year.

2. The interest is compounded once every four months.

• A. if both the statements together are insufficient to answer the question.
• B. if any one of the two statements is sufficient to answer the question.
• C. if each statement alone is sufficient to answer the question.
• D. if both the statements together are sufficient to answer the question, but neither statement alone is sufficient.

Answer 1

!) It is not given in Statement (1) that after how much period the interest is being compounded . Hence not sufficient to calculate the worth of assets ; NOT SUFFICIENT

2) Rate of Compound and Amount is not present ; NOT SUFFICIENT

Using Stmt(1) and Stmt(2) We  can calculate the worth of X’s assets ; SUFFICIENT

Hence option D is correct.