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Consider the following statements. If a ...

Consider the following statements. If a money is loaned at simple interest then the
money gets doubled in 5 years if the rate of interest is `16(2)/3%`
money gets doubled in 5 years if the rate of interest is `20%`
money becomes four times in 10 years if it gets doubled in 5 years of these statements :.

A

I and III

B

Only II

C

Only III

D

II and III

Text Solution

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The correct Answer is:
B
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Consider the following statements If a sum of money is lent at simple interest, then the money gets doubled in 5 years if the rate of interest is 16 2/3% money gets doubled in 5 years if the rate of interest is 20% money becomes four times in 10 years if it gets doubled in 5 years. Of these statements, (a) 1 and 3 are correct (b) 2 alone is correct (c) 3 alone is correct (d) 2 and 3 are correct

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