Question: The difference between compound interest and the simple interest earned on a sum of money at the end of `4` years is Rs.`256.40` To find out the sum, which of the following information given in the statement P and Q is/are necessary ? p: Amount of simple interest accrued after `4` years Q: Rate of interest per annum.
A
B
C
D
E
Only P is necessary
B
only Q is necessary
C
Either P or Q is necessary
D
Neither P or Q is necessary
E
Both P and Q is necessary
Note: To find out the sum we need rate, time and the difference between C.I. and S.I.
So.Q is necessary.