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

E.All I, II and III are required

Show Answer

Answer=Option D

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