Direction: Following question consists of a question followed by three statements I, II and III. You have to study the question and the statements and decide which of the statements (s) is/are necessary to answer the question.
Sri Gupta borrowed a sum at compound interest. What is the amount returned in 2 years?
I. The rate of interest is 5% per annum.
II. The simple interest incurred on the sum in 1 year is Rs. 600.
III. The borrowed sum is ten times the amount earned as simple interest in two years.1
Only I
2
Only III
3
Both II and III
4
II & Either I or III
5
All I, II and III