Aptitude - Compound Interest - Discussion

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Q.

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years? I. The rate of interest is 5 p.c.p.a. II. Simple interest fetched on the same amount in one year is Rs. 600. III. The amount borrowed is 10 times the simple interest in 2 years.  .                          
A. I only B. III only
C. I or II only D. II and Either I or III only

Answer: Option D
Explaination:

 


Discussion

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