Maria deposits $10,000 in a bank. What is the annual interest which the bank will pay to Maria?
(1) The interest must be paid once every six months.
(2) The rate of interest is 4%.
A. Statement (1) ALONE is sufficient but Statement (2) ALONE is not sufficient.
B. Statement (2) ALONE is sufficient but Statement (1) ALONE is not sufficient.
C. BOTH Statements TOGETHER are sufficient, but NEITHER Statement alone is sufficient.
D. Each Statement ALONE is sufficient.
E. Statements (1) and (2) TOGETHER are NOT sufficient.
will we be assuming that the rate given is yearly?
I agree E. 2) doesn't say anything - rate of interest - for what time period??? Semi annual??? 10 Year??? 1 Year??? 30 Years??? etc.