1.

Consider the following question and decide which of the statements is sufficient to answer the question.The simple interest on a sum of money is Rs. 100. What is the sum?Statements:I. The interest rate is 20% per annum.II. The sum earned simple interest in 5 years.

A. Both statements I and II are sufficient
B. Only statement I is sufficient
C. Only statement II is sufficient
D. Either statement I or II is sufficient
Answer» B. Only statement I is sufficient


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