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
Explanation: R = 100 x S.I./P x T is a well-known formula.Now I'll offer you the answer: S.I. = Rs. 4000. T = 4 years, according to II.P, on the other hand, is unknown. As a result, we are unable to locate R. As a result, the data provided is inadequate to obtain R.