Mathematics · Data Sufficiency
The question below consists of two statements numbered I and II. You must decide whether the data provided in the statements are sufficient to answer the question: What is the annual rate of return on capital? I. On a capital investment of Rs. 45,000 at a certain annual return rate for four years, a total of Rs. 16,200 is earned as simple profit. II. On a capital investment of Rs. 40,000 for two years at a certain annual return rate, the compounded profit earned is Rs. 8,400.
- 1The data in both statements I and II together are not sufficient to answer the question.
- 2The data either in statement I alone or in statement II alone are sufficient to answer the question.✓
- 3The data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient.
- 4The data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient.
Correct answer
The data either in statement I alone or in statement II alone are sufficient to answer the question.
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