Recollect the concept of Sound All to solve the questions.

Question

Q Vijay lent Rs.5000. At what rate percent per annum he lent the money?Statement I The difference between the simple interest and compound interest on same money is Rs.60.Statement II The simple interest obtained after 4 years is Rs.300.Statement III The difference between compound interest and simple interest on Rs.60000 in 2 years is Rs.1350.

Accepted Answer

Either II or III are sufficient

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