Mathematics · Data Sufficiency
What is the value of 'R' if a municipal corporation has a certain budget for urban development? I: The corporation allocated that budget to a project and after 5 years at R% simple interest per annum, the total interest earned is Rs. 15,000. II: If the corporation deposited half of the budget at R% simple interest and the other half at R% compound interest, then the difference between the interest earned after 2 years is Rs. 60.
- 1The data in both statements I and II together are not sufficient 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 to answer the question.✓
- 4The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.
Correct answer
The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.
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