Which of the following statement is correct?I. If amount = Rs. 26500, – McqOptions

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1.	Which of the following statement is correct?I. If amount = Rs. 26500, time = 5 years, and rate of interest = 16.5 percent per annum, then the principal is Rs. 14000 on simple interest.II. If principal = Rs. 22000, amount = Rs. 39160 and time = 6 years, then at simple interest rate of interest is 13 percent per annum.
A.	Only II
B.	Neither I nor II
C.	Both I and II
D.	Only I
Answer» B. Neither I nor II

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