Little Beau Peep lost her sheep. She couldn’t remember how ma

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This question consists of a question and two statements (I and II). Read and Decide whether the data provided in the statements are sufficient to answer the question or not and

Little Beau Peep lost her sheep. She couldn’t remember how many were there. She knew she would have 400 more next year, than the number of sheep she had last year. How many sheep were there?

A. The number of sheep last year was 20% more than the year before that and this simple rate of increase continues to be the same for the next 10 years.

B. The increase is compounded annually.

A. Statement 1 alone is sufficient, but Statement 2 alone is not sufficient to answer the question
B. Statement 2 alone is sufficient, but Statement 1 alone is not sufficient to answer the question
C. Both statements taken together are sufficient to answer the question, but neither statement alone is sufficient
D. Each statement alone is sufficient

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