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This consists of a question followed by three statements numbered I, II and III. Decide whether the data provided in the statement(s) is/are sufficient to answer the given question. What is the rate of interest percent per annum? Statement I: Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 500. Statement II: An amount doubles itself in 5 years on simple interest. Statement III: Simple interest earned per annum is Rs. 2000.
Correct Answer: (b)
Official keyThis question appeared in the NPSC Prelims 2024 examination (GS). It is Question 159 out of 200 questions in this paper.
This question was part of the NPSC Prelims 2024 (GS). The NPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all NPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.