The question given below consists of a statement and/or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements is/are sufficient to answer the given question. Read the both statements and give answer
What is the rate of interest p.c.p.a
I) Simple interest earned in 3 years is X Rs
II) The amount increase 80% in 5 years. At S.I

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if 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

if 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.

if the either in Statement-I or Statement-II alone are sufficient to answer the question

if the data even in both Statements I and II together are not sufficient to answer the question

answer is B.

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Detailed Solution

Solution: Statement-II: The amount for example is 1,00,000/-

of 1,00,000 is 80,000 in 5 years

$\begin{array}{l} t o t a l \Rightarrow \frac{80000}{5} = 16000 p e r y e a r interest \\ t h e n \Rightarrow \frac{16000}{100000} = \frac{16}{100} \Rightarrow 16 % \end{array}$