Bunuel wrote:

Will the interest earned on an investment of $4360 in fund X be greater than the same investment in fund Y if the period of investment is 3 years for each?

(1) In the first year, type X offers an interest payment of $152 for every $1000 invested and type Y offers an interest payment of $73 for every $500 invested.

(2) Type X offers a rate of simple interest of 15.2% per annum and type Y offers a rate of interest of 14.6% per annum compounded annually.

To calculate interest, we need to know Rate of Interest and whether it is compound or simple and what is the frequency

Statement 1: Gives the rate but we don't know whether the rate is simple or compound and the frequency. Hence

InsufficientStatement 2: Gives the rate, mentions whether the rate is simple or compound and mentions frequency. Hence

SufficientOption

B