The compound interest on a sum of Rs. 4000 is Rs. 1324. Find the rate of interest. I. The simple interest on the same sum at the same rate is Rs. 1200. II. Compound interest is compounded every four months. III. The sum doubles itself in 25 years at the rate of 4% per annum.

All the three statements I, II and III

The compound interest on a sum of Rs. 4000 is Rs. 1324. Find the rate

1.	The compound interest on a sum of Rs. 4000 is Rs. 1324. Find the rate of interest. I. The simple interest on the same sum at the same rate is Rs. 1200. II. Compound interest is compounded every four months. III. The sum doubles itself in 25 years at the rate of 4% per annum.
A.	Only II and III
B.	Only I and III
C.	All the three statements I, II and III
D.	Only II and III
E.	None of the above
Answer» F.

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The compound interest on a sum of Rs. 4000 is Rs. 1324. Find the rate of interest. I. The simple interest on the same sum at the same rate is Rs. 1200. II. Compound interest is compounded every four months. III. The sum doubles itself in 25 years at the rate of 4% per annum.

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