Related Questions

The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. Find the rate of interest per annum. Statement I∶ Difference between the compound interest and simple interest earned on a certain sum in 3 years is Rs. 1024. Statement II∶ The amount doubles itself in 5 years invested in simple interest. Statement III∶ Simple interest earned in a year on the sum is Rs. 1600.