Question

What is the rate of the compound interest?
A. A certain amount invested at the compound interest rate amounts to Rs. 1331.
B. The amount was invested for a period of three years.
This consists of question and two statements numbered A and B. Decide whether the data provided in the statement(s) are sufficient/necessary to answer the question.

• A. If the data in statement B alone are sufficient to answer the question while the data in statement A alone are not sufficient to answer the question.
• B. If the data in statement A alone are sufficient to answer the question, while the data in statement B alone are not sufficient to answer the question.
• C. If the data either in statements A alone or in statement B alone are sufficient to answer the question.
• D. If the data in both the statements A and B together are not sufficient to answer the question.

Answer 1

The Correct Option is D

The correct option is (D): If the data in both the statements A and B together are not sufficient to answer the question.
Reason: Statement A provides the amount but lacks information about the principal or the rate. Statement B provides the time but does not specify the rate or principal either. Together, they do not provide enough information to determine the rate of compound interest.