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Sri Gupta borrowed a sum at compound interest. What is the amount returned in 2 years ?

I. The rate of interest is 5 % per annum.

II. The simple interest incurred on the sum in 1 year is 600.

III.The borrowed sum is ten times the amount earned at simple interest in two years.

Sri Gupta borrowed a sum at compound interest. What is the amount returned in 2 years ?

I. The rate of interest is 5 % per annum.

II. The simple interest incurred on the sum in 1 year is 600.

III.The borrowed sum is ten times the amount earned at simple interest in two years.

A.Only I

B. Only III

C. Both II and III

D.Either I or III

E.Neither I nor III

View AnswerAns: Both II and III