What is the rate of the compound interest? Statement I : A sum of 1000, amounts to 1331 at the rate of compound interest Statement II : The amount was invested for the period of three years Statement III : The simple interest received on that amount in one year is equal to the compound interest received on that amount in the first year.

The data in statements I and II together are sufficient to answer the question, while the data in statement III are not sufficient to answer the question.

The data in statements I and III together are sufficient to answer the question, while the data in statement II are not sufficient to answer the question.

The data in statement I, II and III together are not sufficient to answer the question.

The data in statement only I and II together or only statement III are sufficient.

The data in all the statements I, II and III together are necessary to answer the question.

What is the rate of the compound interest? Statement I : A sum of 1

1.	What is the rate of the compound interest? Statement I : A sum of 1000, amounts to 1331 at the rate of compound interest Statement II : The amount was invested for the period of three years Statement III : The simple interest received on that amount in one year is equal to the compound interest received on that amount in the first year.
A.	The data in statements I and III together are sufficient to answer the question, while the data in statement II are not sufficient to answer the question.
B.	The data in statements I and II together are sufficient to answer the question, while the data in statement III are not sufficient to answer the question.
C.	The data in statement I, II and III together are not sufficient to answer the question.
D.	The data in statement only I and II together or only statement III are sufficient.
E.	The data in all the statements I, II and III together are necessary to answer the question.
Answer» B. The data in statements I and II together are sufficient to answer the question, while the data in statement III are not sufficient to answer the question.

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