The question consists of two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.
Find the sum of the compound interest on half of the sum at 6% per annum after 2 years and simple interest on half of the sum at 5% per annum after 4 years.
Statement (I): The difference between compound and simple interest on that sum at 8% per annum after two years will be 512 Rs.
Statement (II): Compound interest on that sum after 3 years at 10% per annum will be 26480 Rs.
1
The data in statement (I) alone are sufficient to answer the question, while the data in statement (II) alone are not sufficient to answer the question.
2
The data in statement (II) alone are sufficient to answer the question, while the data in statement (I) alone are not sufficient to answer the question.
3
The data either in statement (I) alone or in statement (II) alone are sufficient to answer the question.
4
The data given in both statements (I) and (II) together are not sufficient to answer the question.
5
The data in both statements (I) and (II) together are necessary to answer the question.