Mathematics · Data Sufficiency
The question given below consists of a question and 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 rate of interest per annum? Statement I: An investment fund becomes four times itself at Simple Interest in 15 years. Statement II: The difference between Compound Interest and Simple Interest on a capital of Rs 80,000 in 2 years is Rs 128.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Data in either Statement I alone or Statement II alone are sufficient to answer the question.✓
- 2Data in both Statements I and II together are necessary to answer the question.
- 3Data in Statement II alone are sufficient to answer the question, while data in Statement I alone are not sufficient.
- 4Data in Statement I alone are sufficient to answer the question, while data in Statement II alone are not sufficient.
Correct answer
Data in either Statement I alone or Statement II alone are sufficient to answer the question.
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