Q:
What is the rate of simple interest?
I. The total interest earned was Rs. 4000.
II. The sum was invested for 4 years.
Answer & Explanation
Answer: D) Both I and II are not sufficient to answer
Explanation: We know that, R = (100 x S.I) / (P x T)
Now I gives, S.I = Rs. 4000.
II gives, T = 4 years.
But, P is unknown. So, we cannot find R.
So, given data is insufficient to get R.
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