MCQOPTIONS
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| 1. |
What is the total compound interest earned at the end of three years? I. Simple interest earned on that amount at the same rate and for the same period is $ 4500. II. The rate of interest is 10 p.c.p.a. III. Compound interest for three years is more than the simple interest for that period by $ 465. |
| A. | OnlyI and II |
| B. | Only II and III |
| C. | Only I and III |
| D. | Anyone of the three |
| E. | Either II or III only. |
| Answer» E. Either II or III only. | |