UGC NET Logical Reasoning Q17

Question

Given below are two statements:
Statement I: The length of a tree increases at the rate of 5% every year on its previous year's length. If it is 2.0 feet now, it will increase 0.31525 feet in three years.
Statement II: A vendor sells an item for ₹ 56 making a profit of 40%. The cost price of the item is ₹40.
In the light of the above statements, choose the correct answer from the options given below:

Accepted Answer

Both Statement I and Statement II are false