Read the following statements:
Statement I: Compound interest at 10% on his assets, followed by a tax of 4% on the interest, fetches Rs. 15000 this year. Statement II: The interest is compounded once every four months.
What is the total worth of assets? The answer can be given by
A)Using first Statement only B)Using second statement only C)Using both first and second statement D)Using first or second statement

• here in Question 1 to calculate his total amount we need principle and duration which is not present so question 1 alone is not sufficient. And in question 2 we get duration but nothing other is mentioned so question 2 alone is not enough, but if we take two statements together then we will get the total with of asset so option c is correct.
• 2 years agoHelpfull: Yes(0) No(0)