In the following questions numbered 1 to 20, a question is followed by data in the form of two statements labelled as (I) and (II). You must decide whether the data given in the statements are sufficient to answer the questions.
What is the rate of simple interest on the tenn deposit?
(I) The amount deposiited is Rs.50000.
(II) At the end of the term the amount received is Rs.56000.
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