Concept:
For a geometric progression (G.P.):
\[
T_n=ar^{n-1}
\]
where \(a\) is the first term and \(r\) is the common ratio.
Sum of first \(n\) terms:
\[
S_n=\frac{a(r^n-1)}{r-1}, \quad r\neq1
\]
To find the sum, we must determine the common ratio.
Step 1: Checking Statement (I).
Given:
\[
a=729
\]
and seventh term:
\[
T_7=64
\]
Using:
\[
T_7=ar^6
\]
\[
64=729r^6
\]
\[
r^6=\frac{64}{729}
\]
\[
r^6=\left(\frac{2}{3}\right)^6
\]
\[
r=\frac{2}{3}
\]
Now sum of first seven terms:
\[
S_7=\frac{729\left(1-\left(\frac{2}{3}\right)^7\right)}{1-\frac{2}{3}}
\]
\[
=\frac{729\left(1-\frac{128}{2187}\right)}{\frac{1}{3}}
\]
\[
=2187\left(\frac{2059}{2187}\right)
\]
\[
=2059
\]
Thus, Statement (I) alone is sufficient.
Step 2: Checking Statement (II).
Statement (II) gives:
\[
r=\frac{T_2}{T_1}
\]
This is just the definition of common ratio and gives no actual numerical value.
So, Statement (II) alone is not sufficient.
Hence, Statement (I) alone is sufficient.