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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

Correct Answer: I only or II and III only

Explanation:

I . P * R * 5 100 = P R = 20


  I I . P 1 + R 100 2 - P - P * R * 2 100 = 400 = > p R 2 = 4000000


  I I I . P * R * 1 100 = 2000 = > P R = 200000


  P R 2 P R = 4000000 200000 R = 20


 


Thus I only or (II and III) give answer.


 


 Correct answer is (D)


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