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EduGorilla
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Direction : The questions given below contain two statements giving certain data. You have to decide whether the data given in the statements are sufficient for answering the question. Read both statements and give answer- (A) If statement I alone is sufficient but statement II alone is not sufficient. (B) If statement II alone is sufficient but statement I alone is not sufficient (C) If each statement alone (either I or II) is sufficient (D) If statement I and II together are not sufficient (E) If both statement together are sufficient but neither statement alone is sufficient.

What will be the rate of interest as the compound interest on a sum of Rs. 8000 is Rs. 2648.

Statements

I. Compound interest is compounded every three months.

II. The simple interest on the same sum at the same rate is Rs. 2400.

### Options :-

1. A
2. B
3. C
4. D
5. E
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