If $1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest, the dollar amount of interest, I , earned by the deposit in the first n years is given by the formula I =1000〔(1 + ~$\frac{r}{100}$~ )n - 1〕 , where r percent is the annual interest rate paid by the bank. Is the annual interest rate paid by the bank greater than 8 percent? (1) The deposit earns a total of$210 in interest in the first two years.
(2) ( 1 + ~$\frac{r}{100}$~ )2 > 1.15

Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.

Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.

BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

EACH statement ALONE is sufficient.

Statements (1) and (2) TOGETHER are NOT sufficient.