Mathematics · Interest
Consider the following statements: A. At a 5% per annum rate of simple interest, a certain sum will double itself in 15 years. B. If a sum becomes double in 10 years, the annual rate of simple interest is 12%. C. ₹1000 will become ₹1331 in 3 years at a compound interest rate of 10% per annum, compounded annually. Which of the statements given above is/are CORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1C only✓
- 2B and C only
- 3A and C only
- 4A and B only
Correct answer
C only
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