✪ 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.