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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

🗓 Dec 8, 2021

Answer is "II and Either I or III only"

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Deeksha 🌐 India
Can anyone please help me with the explanation?
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Ojasvini 🌐 India
Thank you so much for the answer
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