Following questions contain two statements as statement I and statement II. You have to determine which statement/s is/are necessary to answer the question and give answer.
What is the interest received from scheme B?
Statement I: Mala invests her money in two different schemes A and B and scheme A offers simple interest at the rate of 15% per annum and scheme B offers compound interest at the rate of 10% per annum. Total amount invests in two scheme is Rs.24000.
Statement II: Mala invests her amount on simple interest scheme A for 3 years and after three years she received the interest of Rs.3600. The amount invested in compound interest scheme B for 2 years and the compound interest rate of 10% per annum.
The 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.
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.
The data either in statement I alone or in statement II alone is sufficient to answer the question.
The data given in both statements I and II together are not sufficient to answer the question.