Consider the given question and decide which of the following statements is sufficient to answer the question.
X took a loan from Y on compound interest. Find the rate per annum?
Statements:
1. After 3 years, X paid Rs. 500 as interest.
2. After 3 years, X paid Rs. 1,500 to clear his loan with Y.
1
Either 1 or 2 is sufficient to answer the question.
2
1 alone is sufficient while 2 alone is not sufficient to answer the question.
3
2 alone is sufficient while 1 alone is not sufficient to answer the question.
4
Both 1 and 2 are sufficient to answer the question.