An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate? I. The rate of interest was 8 p.c.p.a. II. The total amount of simple interest was Rs. 1200.

May 8, 2026August 5, 2019

A.I alone sufficient while II alone not sufficient to answer

B.II alone sufficient while I alone not sufficient to answer

C.Either I or II alone sufficient to answer

D.Both I and II are not sufficient to answer

E.Both I and II are necessary to answer

Show Answer

Answer=Option E

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