Directions: The following question is accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions.Find the principal amount.Statement I: The compound interest obtained when a sum is invested at 25% rate for 2 years is Rs. 250 more than the simple interest obtained when the same amount is invested at a 5% rate for 1 year.Statement II: A sum gets two more than its triple when it is invested at 3.5% rate compounded annually.Statement III: The difference of amount on a sum invested at 8% rate compounded annually and semi-annually is Rs. 279.

• A. The data in statement I alone is sufficient to answer the question, while the data in statement II and statement III alone are not sufficient to answer the question.
• B. The data in statement II alone is sufficient to answer the question, while the data in statement I and III is not sufficient to answer the question.
• C. The data in statement I alone or in statement II alone is sufficient to answer the question, while the data in statement III alone is not sufficient to answer the question.
• D. The data in all the statements I, II and III is not sufficient to answer the question.
• E. The data in statements I and statement II are sufficient to answer the question, while the data in statement III alone is not sufficient to answer the question.