The question given below is followed by three statements (I), (II), and (III). You have to determine whether the data given in the statement is sufficient for answering the question.

Find the difference between compound interest and simple interest on P Rs. at 12% per annum after 3 years?

(I) Sum of the simple interest on (P/2) Rs. at R% per annum after 4 years and that on (P/4) Rs at 5% per annum after 3 years will be 12600 Rs.

(II) Compound interest on 40000 Rs. at R% per annum 2 years will be 4944 Rs.

(III) Difference between compound interest and simple interest on (P/4) Rs. at R% per annum after two years will be 72 Rs.