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Which of the following is/are correct? 1. If a sum doubles in 10 years at simple interest, the rate of interest is 10% per annum. 2. If a sum doubles in 10 years at compound interest, the rate of interest must be more than 10% per annum. Select the answer using the code given below:
This question appeared in the HPSC Prelims 2025 examination (CSAT). It is Question 66 out of 200 questions in this paper.
This question was part of the HPSC Prelims 2025 (CSAT). The HPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all HPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.