Q. Consider the following statements
If a sum of money is lent at simple interest, then the
I - money gets doubled in 5 years if the rate of interest is 16 2/3
II - money gets doubled in 5 years if the rate of interest is 20%.
III - money becomes four times in 10 years if it gets doubled in 5 years.
If a sum of money is lent at simple interest, then the
I - money gets doubled in 5 years if the rate of interest is 16 2/3
II - money gets doubled in 5 years if the rate of interest is 20%.
III - money becomes four times in 10 years if it gets doubled in 5 years.
✅ Correct Answer: (B)
II alone is correct
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