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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 Rs. 15000 this year.

2. The interest is compounded once every four months.

  1. if both the statements together are insufficient to answer the question.
  2. if any one of the two statements is sufficient to answer the question.
  3. if each statement alone is sufficient to answer the question.
  4. if both the statements together are sufficient to answer the question, but neither statement alone is sufficient.
asked in Logical Reasoning by (4.8k points) 38 103 167 | 14 views

1 Answer

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!) 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.
answered by (2.5k points) 1 8 29

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