What is the rate of simple interest on a loan of ₹ 20,000 ?
I. ₹ 23,000 is to be paid at the end of the first year.
II. There is a penal interest of 10% if the loan is not paid at the end of the first year.

A

If the statement I alone is sufficient to answer the question

B

If the statement II alone is sufficient to answer the question

C

If both the statements I and II are sufficient to answer the question but neither statement alone is sufficient.

D

If both the statements I and II together are not sufficient to answer the question and additional data is required.