Discussion Forum



Each of the questions given below consists of three statements, numbered I, II and II respectively. Please read the question and the statements carefully and decide which of the statement(s) is/are necessary to answer the question.

1)

Find out the compound interest earned on an amount of Rs. $5000$ in $2$ years?

I. The simple interest on the same amount at the same rate of interest in $5$ years is Rs. $2000$.

II. The compound interest and the simple interest earned in $1$ year is the same.

III. The amount becomed more than double on compound interest in $10$ years.


A) I only

B) I and II only

C) II and III only

D) I and III only

E) None of these

Answer:

Option A

Explanation:

$P$ = Rs. $5000$ and $T=2$ years.

I. $S.I.$ on Rs. $5000$ in $5$ years is Rs. $2000$.

$\frac{5000\times R\times 5}{100}$ $=2000$ $\Rightarrow R=8$.

Thus I only gives the answer .

$\therefore$ Correct answer is (A).