What is the total compound interest earned at the rate of interest? end of 3 years ? I. Simple interest for 2 years is ` 500. I. Simple interest earned on that amount at the II. Compound interest for 2 years is ` 512.50. same rate and for the same period is ` 4500. III. Amount on simple interest after 2 years becomes ` 5500. II. The rate of interest is 10 p.c.p.a.
(a)I or II only I and II only
(b)III only III. Compound interest for 3 years is more than the II and III only
(c)I or III only simple interest for that period by ` 465.