Consider the given question and decide which of the statements is/are sufficient to answer the question. Question: X took a loan from Y on compound interest. Find the rate of interest per annum. Statements: 1. After 3 years, X paid ₹500 as interest. 2. After 3 years, X paid ₹1,500 to clear his loan with Y.

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Mathematics · Data Sufficiency

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both statements 1 and 2 together are sufficient, but neither statement alone is sufficient.

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Answer 1

Either statement 1 alone or statement 2 alone is sufficient.

Answer 2

Statement 1 alone is sufficient while statement 2 alone is not sufficient.

Answer 3

Both statements 1 and 2 together are sufficient, but neither statement alone is sufficient.

Answer 4

Both statements 1 and 2 together are not sufficient.

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