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A sum of money is put at compound interest for 2 years. What is the rate of interest per annum?
Statement I: If the same amount of money is put at simple interest for three years then the amount of interest is Rs.600 more than the interest amount calculated on CI at the end of 2 years
Statement II: The simple interest on the same sum at the end of four years is Rs.3200
Statement III : Sum of money becomes 4 times in two years at compound interest
Either statement III alone or statements I and II together are sufficient.
Only statement III is sufficient.
Statement I and Statement III together are sufficient.
Only statement I, II, and III together are sufficient.
None of these
Hence, either statement I and II together or III alone is sufficient to answer the question
Hence, option A is correct.
By: Parvesh Mehta ProfileResourcesReport error
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