Question

The given question consists of a set of statements. Find out whether the data provided in the statements are sufficient to answer the question and mark the option:

What percentage of simple interest per annum did Anvesh pay to Dattu?
I. Anvesh borrowed Rs.10000 from Dattu for four years.
II. Anvesh returned Rs.11800 to Dattu at the end of four years and the loan was then settled.

• A. I alone sufficient while II alone not sufficient to answer
• B. II alone sufficient while I alone not sufficient to answer
• C. Either I or II alone is sufficient to answer
• D. Both I and II are necessary to answer
• E. Both I and II are not necessary to answer

Answer 1

The correct option is D

Both I and II are necessary to answer

We get P and T from first statement, and P+I from second statement.
Hence, both the statements are necessary.