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The following questions are accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions. What will be the compound interest earned on a sum in two years? I. The simple interest on the same amount at the same rate of interest in two years is Rs. 800. II. The amount becomes more than double at compound interest in 10 years. III. The simple interest on the same amount at the same rate of interest in three years is Rs. 1,200.

The following questions are accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions. What will be the compound interest earned on a sum in two years? I. The simple interest on the same amount at the same rate of interest in two years is Rs. 800. II. The amount becomes more than double at compound interest in 10 years. III. The simple interest on the same amount at the same rate of interest in three years is Rs. 1,200. Correct Answer None of these

From (I) & (III),

SI for 1 year = Rs. 400

∴ 400 = P × R × 1/100

From this we cannot get the answer and also statement II is not sufficient to answer the question.

Related Questions

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