Consider the following question and decide which of the statements is sufficient to answer the question.
The simple interest on a sum of money is Rs. 100. What is the sum?
Statements:
I. The interest rate is 20% per annum.
II. The sum earned simple interest in 5 years.1
Both statements I and II are sufficient
2
Only statement I is sufficient
3
Only statement II is sufficient
4
Either statement I or II is sufficient