Consider the following statementsIf a sum of money is lent at simple interest, then theI - money gets doubled in 5 years if the rate of interest is $$16\frac{2}{3}$$ %II - money gets doubled in 5 years if the rate of interest is 20%.III - money becomes four times in 10 years if it gets doubled in 5 years.

• A. and III are correct
• B. I alone is correct
• C. II alone is correct
• D. I and III are correct