In two years, what would be the compound interest on a sum of Rs. 5000? I. In 5 years, the simple interest on the same money at the same rate is Rs. 2000. II. The simple and compound interest earned in one year are the same. III. In ten years, the sum had more than doubled due to compound interest.
A. I only
B. I and II only
C. II and III only
D. I and III only
Answer:A
In two years, what would be the compound interest on a sum of Rs. 5000? I. In 5 years, the simple interest on the same money at the same rate is Rs. 2000. II. The simple and compound interest earned in one year are the same. III. In ten years, the sum had more than doubled due to compound interest.
A. I only B. I and II only C. II and III only D. I and III only
Explanation: T = 2 years, P = 5000 rupees.In five years, I. S.I. on Rs. 5000 is Rs. 2000.2000 R = 5000 x R x 5/100 = 5000 R = 5000 R = 5000 R = 5000 R = 5000 R = 5000 RAs a result, I merely provide the response.