Mathematics · Data Sufficiency
What is the difference between the amounts invested in Scheme X and Scheme Y? Statement I: Rahul invests a total of ₹10,000 in Scheme X (for 2 years) and Scheme Y (for 3 years). Scheme Y offers 12% simple interest per annum. Statement II: Scheme X offers 8% compound interest annually. The total interest earned from both schemes after their respective periods is ₹2,390.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The data given in both Statements I and II together are necessary to answer the question.✓
- 2The data either in Statement I alone or in Statement II alone is sufficient to answer the question.
- 3The data in Statement II alone is sufficient to answer the question, while the data in Statement I alone is not sufficient.
- 4The data in Statement I alone is sufficient to answer the question, while the data in Statement II alone is not sufficient.
Correct answer
The data given in both Statements I and II together are necessary to answer the question.
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