Consider the following statements. (I) If a sum of money is lent at simple interest, then the: (II) Money gets doubled in 5 years if the rate of interest is \[{{R}_{1}}%\] (III) Money gets doubled in 5 years if the rate of interest 20% (IV) Money becomes four times in 10 years if it gets doubled in 5 years. Which of the above statements is/are correct?

Consider the following statements. (I) If a sum of money is lent at si

1.	Consider the following statements. (I) If a sum of money is lent at simple interest, then the: (II) Money gets doubled in 5 years if the rate of interest is \[{{R}_{1}}%\] (III) Money gets doubled in 5 years if the rate of interest 20% (IV) Money becomes four times in 10 years if it gets doubled in 5 years. Which of the above statements is/are correct?
A.	I and III
B.	Only II
C.	III alone
D.	II and III
Answer» C. III alone