Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entir

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Q 1463234145.     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

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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