Consider the given question and decide which of the following statements is sufficient to answer the question.
X took a loan from Y on compound interest. Find the rate per annum?

Statements:

1. After 3 years, X paid ₹ 500 as interest.
2. After 3 years, X paid ₹ 1,500 to clear his loan with Y.

A

2 alone is sufficient while 1 alone is not sufficient to answer the question.

B

1 alone is sufficient while 2 alone is not sufficient to answer the question.

C

Both 1 and 2 are sufficient to answer the question.

D

Either 1 or 2 is sufficient to answer the question.