Question

    Which of the following statement is correct? I.

    If amount = Rs. 26500, time = 5 years, and rate of interest = 16.5 percent per annum, then the principal is Rs. 14000 on simple interest. II. If principal = Rs. 22000, amount = Rs. 39160 and time = 6 years, then at simple interest rate of interest is 13 percent per annum.
    A Neither I nor II Correct Answer Incorrect Answer
    B Only I Correct Answer Incorrect Answer
    C Both I and II Correct Answer Incorrect Answer
    D Only II Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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