In each of the following questions a question is followed by information given in three statements. You have to study the question along with the statement and decide the information given in which of the statement (s) is necessary to answer the question.
What is the rate of interest p.c.p.a. ?
(1) Simple interest earned per annum is Rs. 5,300
(2) The difference between the compound and simple interest on an amount is Rs. 1,060 at the end of 2 years
(3) An amount doubles itself in 5 years with simple interest

Options

A. All the three
B. Only (3)
C. Either (2) or (3)
D. Only (3) or (1) and (2)

Answer

D