Related Questions

The following question have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. Suman borrowed some amount of money at compound interest for 3 years. Find the amount to be paid by her after 3 years. Statement I: Simple interest on the same sum at the same rate of interest in 5 years will be 1/4th of the principal. Statement II: The simple interest on the sum after 6 years will be Rs. 12000. Statement III: The sum borrowed is 5 times the simple interest of 4 years.