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ExamsIBPS POGeneral Awareness

Scheme A: R% p.a. (CI). Scheme B: Q% p.a. (SI). Compare returns. Which statement(s) are sufficient?

  1. Either statement (I) alone or statement (II) alone is sufficient
  2. Only statement (I) is sufficient
  3. Only statement (II) is sufficient
  4. Neither is sufficient

Correct answer: Either statement (I) alone or statement (II) alone is sufficient

Solution

Either statement (I) alone or statement (II) alone provides enough information to determine and compare the interest returns from Schemes A and B.

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