What will be the compound interest earned on an amount of Rs. 5000 in 2 years? Options: A . &nbspI only B . &nbspI and II only C . &nbspII and III only D . &nbspI and III only E . &nbspNone of these

What will be the compound interest earned on an amount of Rs. 5000 in 2 years?

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 will be the compound interest earned on an amount of Rs. 5000 in 2 years?

Answer: Option A

P = Rs. 5000 & T = 2 years.

I. S.I. on Rs. 5000 in 5 years is Rs. 2000.

5000 x R x 5
= 2000 R = 8.
100

Thus I only gives the answer.

Correct answer is (A).

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