To calculate the time taken to complete the work, we need the individual rates of the inlet and outlet pipes.
On the other hand, if we know the quantum of work to be done, we will not be able to calculate the time required, since we do not know the rates of working of the pipes.
From statement I alone, we know that the inlet pipe takes 20 minutes to fill an empty tank and the outlet pipe takes 60 minutes to empty a full tank.
Let the capacity of the tank be 60 litres (which is the LCM of 20 and 60), which also represents the work to be done. This means,
Rate of inlet pipe = \(\frac{Work done}{Time taken}\) = \(\frac{60}{20}\) = 3 litres per hour
Rate of outlet pipe = \(\frac{Work done}{Time taken}\) = \(\frac{60}{60}\) = -1 litre per hour (negative because it's the outlet pipe)
Therefore, when both of them are opened simultaneously, combined rate = 2 litres per hour. Since we know the combined rate, we can calculate the time taken by them, when working together.
Statement I alone is sufficient. Answer options can be A or D. Options B, C and E can be eliminated.
From statement II alone, we only know the capacity of the tank. From what you saw above, it will not be hard to understand that knowing the capacity alone will not help you find the rates. Hence, it wont be possible to calculate the time taken by them working together.
Statement II is insufficient.
The correct answer option is A.
Hope this helps!