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In each of these question one question is given followed by data in three statements I,II and III. You have to study the question and the data in statements and decide the question can be answered with data in which of the statements and mark your answer accordingly.
What is the rate of interest pcpa ?
Statements:
I.The difference between the compound interest and simple interest earned in two years on the amount invested is rs 100.
II.The amount becomes rs 19,500 in three years on simple interest.
III.The simple interest accrued in two years on the same amount at the same rate of interest is 3,000.
Here, we don't know principal and rate of interest. They form the two unknown variables.
Let Principal be P and Number of years be N.
II and III condition give two equations in terms of P and N.
I doesn't help with it's data and hence, it is redudant.
Correct option is Option C
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