Mathematics · Data Sufficiency
The question is followed by two statements numbered I and II. You have to decide whether the data provided in the statements are sufficient to answer the question. Question: Find the rate of interest. Statement I: A sum of money doubles itself in a given period of time at simple interest at r% per annum. Statement II: The simple interest obtained on a given principal is 2 times the principal in 15 years at r% per annum.
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
- 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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