Mathematics · Data Sufficiency
What is the rate of interest per annum? Statements: I. The difference between the Simple Interest (SI) and Compound Interest (CI) at the same rate of interest on a certain sum for 2 years is Rs. 30. II. The amount doubles itself in 5 years under simple interest. Choose the correct option regarding the sufficiency of the statements:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements I and II together are not sufficient to answer the question.
- 2Both statements I and II together are sufficient to answer the question, but neither statement alone is sufficient.
- 3Statement II alone is sufficient to answer the question, while statement I alone is not sufficient.✓
- 4Statement I alone is sufficient to answer the question, while statement II alone is not sufficient.
Correct answer
Statement II alone is sufficient to answer the question, while statement I alone is not sufficient.
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