Consider the following statementsnIf a sum of money is lent at simple – McqOptions

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1.	Consider the following statementsnIf a sum of money is lent at simple interest, then thenI - money gets doubled in 5 years if the rate of interest is 16231623 %nII - money gets doubled in 5 years if the rate of interest is 20%.nIII - money becomes four times in 10 years if it gets doubled in 5 years.
A.	I and III are correct
B.	II alone is correct
C.	III alone is correct
D.	II and III are correct
Answer» B. II alone is correct

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