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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