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      Question

      Find the rate of interest per annum? Statement I . The

      CI in 12 years is more than the amount. Statement II . The difference between SI and CI in 3 years is Rs.1200 Statement III . An amount double itself at SI in 20 years In each of the following questions, a question and some statements are given. You have to decide whether the date given in the statements is sufficient to answer the question or not.
      A Only I and II are sufficient Correct Answer Incorrect Answer
      B Only III is sufficient Correct Answer Incorrect Answer
      C Only II and III are sufficient Correct Answer Incorrect Answer
      D All are not sufficient Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      From statement III: Principal = P, Amount = 2P Interest = 2P – P = P SI =P = P × R × 20/100  Rate  = 5 %

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