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 Rs. 500 as interest 2. After 3 years, X paid Rs. 1500 to clear his loan with Y.

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 Rs. 500 as interest 2. After 3 years, X paid Rs. 1500 to clear his loan with Y. Correct Answer Either 1 or 2 is sufficient to answer the question

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Consider the given question and decide which of the following statement(s) is/are 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 Rs. 500 as interest. 2. After 3 years, X paid Rs. 1,500 to clear his loan with Y.