Mathematics · Data Sufficiency
The question consists of a question followed by two statements numbered I and II. Decide whether the data provided in the statements is sufficient to answer the question. Question: Find the rate of interest (r%). Statement I: A sum of money doubles itself at r% per annum simple interest in a given time period. Statement II: The simple interest obtained on a given principal at r% per annum is 2 times the principal in 15 years.
- 1Statement II alone is sufficient, while Statement I alone is not sufficient.✓
- 2Neither Statement I nor Statement II is sufficient.
- 3Both Statement I and Statement II together are sufficient.
- 4Statement I alone is sufficient, while Statement II alone is not sufficient.
Correct answer
Statement II alone is sufficient, while Statement I alone is not sufficient.
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