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Direction: Each of the question given below consist of a question and two statements numbered I and II given below it. Read both the statements and decide whether the data provided in the statement(s) are sufficient to answer the given question. Difference of C.I. and S.I., when calculated independently on a principal amount of ?15000, yearly, for an year?
Statement I: Difference of rate of interest between C.I. and S.I. is 3.8%
Statement II: Ratio of rate of interest for C.I. and S.I. is 3 : 8
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.
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.
Data either in Statement I or in Statement II alone, is sufficient to answer the given question.
Data even in Statement I and II together, is not sufficient to answer the question.
Data in both Statement I and II together, is necessary to answer the question.
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