What is the rate of interest p.c.p.a.?

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Question

Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.

What is the rate of interest p.c.p.a.?

Answer: Option E

I.
P x R x 5
= P R = 20.
100

II. P

1 +
R

2
- P -
P x R x 2
= 400 PR² = 4000000.
100
100

III.
P x R x 1
= 2000 PR = 200000.
100

PR²
=
4000000
R = 20.
PR
200000

Thus I only or (II and III) give answer.

Correct answer is (E).

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