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If 2 is a factor of x the number of factors of (2^3)*(x^y) would not be (3+1)(y+1)

So we need to know x as well as y to determine the number of factors.

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I'm still confused...because I thought the answer would be B but its C...

Well here as u know the no of factors can be found out by getting the no of prime factors as u said (1+3)(y+1)

statement 1 gives x=5 whickh is not sufficient since u need to know Y

statement 2 gives y=3
here consider the case where x=2 then we have no of factors will be
for 2exp(6) will be (6+1) ie 7
but for x as any prime other than 2 the ans would be (3+1)(3+1) ie 16

but both together solves the problem by giving a value to X
So C

Thanks RAGS...your explanation has lifted the cloud