Q:
      
      
         
            
What is the rate of interest p.c.p.a.?
I. An amount doubles itself in 5 years on simple interest.
II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400.
III. Simple interest earned per annum is Rs. 2000
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: D) I only or II and III only         
         
Explanation: 
 
 
 
 
Thus I only or (II and III) give answer.
 
 Correct answer is (D)
       
      
      
      
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