Directions: Each of the questions given below consists of a question and 2 statements numbered I and II. You have to decide whether the data is sufficient to answer the question. Read both Statements carefully and then answer the questions.
Find the rate of interest.
Statement I. A sum of money becomes double of itself at a simple interest in 6.25 years.
Statement II. 5000 becomes 6728 in 2 years at compound interest.
1. The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.
2. The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.
3. The data in statement I alone or in statement II alone is sufficient to answer the question.
4. The data in both statements I and II are not sufficient to answer the question.
5. The data in both statements I and II together are necessary to answer the question.