Mathematics · Data Sufficiency
Each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Question: What is the rate of compound interest per annum? Statements: I. A sum of Rs. 20,000 amounts to Rs. 24,200 at compound interest. II. The amount was invested for a period of 2 years under compound interest.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The data in both statements I and II together are not sufficient to answer the question.
- 2The data in both statements I and II together are necessary to answer the question.✓
- 3The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient.
- 4The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient.
Correct answer
The data in both statements I and II together are necessary to answer the question.
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