The following question is accompanied by two statements. You have to determine which statement(s) is/are sufficient to answer the question.
What is the total amount of money Sachin have?
I. If the money of Sachin is lent on compound interest at the rate of 10% the money he receives at the end of the year is liable to a tax of 6%. The total he receives at the end of the year is Rs. 1800.
II. The interest is compounded quarterly.
1
statement I. is sufficient
2
statement II. is sufficient
3
both statement I. and statement II. are individually sufficient
4
neither statement I. nor statement II. is sufficient
5
statement I. and II. together is sufficient