Mathematics · Simple Interest
The question given below consists of a question followed by two statements numbered I and II. You have to 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% simple interest per annum in a given time period. Statement II: The simple interest earned on a sum of money at r% per annum in 15 years is 2 times the principal amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement II alone is sufficient, while Statement I alone is not sufficient
- 2Neither Statement I nor Statement II is sufficient
- 3Either Statement I alone or Statement II alone is sufficient✓
- 4Statement I alone is sufficient, while Statement II alone is not sufficient
Correct answer
Either Statement I alone or Statement II alone is sufficient
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