What is the simple interest rate? I. A total of Rs. 4000 in interest was earned. II. The funds were invested for a period of four years.
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 sufficient to answer
D. Both I and II are not sufficient to answer
Answer:D
What is the simple interest rate? I. A total of Rs. 4000 in interest was earned. II. The funds were invested for a period of four years.
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 sufficient to answer D. Both I and II are not sufficient to answer